Looking at the D chart for ETHUSD, things are looking really strong here. In the most recent recovery building back up to the beginning of May, the Ethereum really led the pack in the large cap coin sector outpacing BTC. Since then the top two major Cryptos have taken a good slide down. ETH is attempting to again break the downward trendline established from the early May high for the third time, and has potentially formed an inverse head and shoulders(albeit one with a steeply declining neckline).
This in combination with the approaching apex of a large symmetrical triangle, a positive MACD, and a looming RSI crossover are all fantastic indicators that we may be entering a bull market again.