ETH's recent run to all time high, it's subsequent correction, and today's recovery trend all seem to fit both a classic Elliot Wave pattern, and a bullish Gartely Pattern, and the outbreak today seems to support this picture. ETH price seems to run obediently in triangular uptrend from the Gartley's "D" , with a good shot into the 48'ish dollar mark, possibly so today. Please always trade with care.
P.S.: This is my first publication, and kind of a test run on what I have learned on technical analysis and charting a price. Please feel free to agree, or disagree.
would appear more bullish if volume or a clear uptrend was there. however, we see relatively low volume (more sell than buy as well) and a clear downtrend.