There are 3 possible pattern that might be on play. This is the first time in 14 months, ETH is able to manage to get on the same level as its previous high. As it gets to its previous high, it sounds like a bullish thing, but RSI is showing a clear Hidden Bearish Divergence.
If this test 0.5 Fibonacci and fail, a double top is confirmed and the red candle to the abyss will be deep. If this bounced off 0.5 Fibonacci and retest 167 again, The bullish case is only valid if ETH will make another higher low in order to create an Ascending Triangle.
If It stops right at 0.236 Fibonacci, a Bearish Pennant will be on play.
If this test 0.5 Fibonacci and fail, a double top is confirmed and the red candle to the abyss will be deep. If this bounced off 0.5 Fibonacci and retest 167 again, The bullish case is only valid if ETH will make another higher low in order to create an Ascending Triangle.
If It stops right at 0.236 Fibonacci, a Bearish Pennant will be on play.