Let's start with the triangle that had an almost horizontal support, this pattern tells about strong sellers and weak buyers. Moreover, there is a smaller pattern - flag inside the triangle with a . Bearish sign x2. We have only one chance to go upward, to do this the price needs to go up and takes hold above the $262 - $268. In other case $ETH will continue falling down.
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Bearish flag inside a triangle. The price is reaching the resistance, more likely it won't be able to break through one and fall. We can see a SHORT squeeze up to the horizontal support, but chances are quite low.
Very clear and easy to understand chart. Same goes for your explanation. +1 and follow!
To your idea: I agree with you. I actually loaded up on ETH a little bit around ~$250, but I'm waiting and hoping for a correction down to ~$210 or even ~$170 to enter super long.