In the middle it starts to look a bit like the start of some temp top formation, with the resistance being around 315/320. This market has been a lot about parabolic shapes and it looks like ETH is also starting to make one now. The pattern simply means that we get to see a row of higher lows, showing bulls getting more eager to get in with each drop . Reason why it always dumps so hard when it fails, because IMO the inpatient people are usually leveraged buyers who like to buy the highs, so that when it fails, we get a snowball of stops triggering crashing the price usually.
So for now, i would simply be looking up here until the curved line breaks. Think the zone to watch is 300/320
Think if ETH breaks that level on the left, which is similar to the support of the curved line (this line is a bit subjective, so cant know where it is exactly, but dont think i am far from it here.
The 300 is also a big support, but if we shoot straight through it, it could get very ugly. If we don't see a big volume sell wave, maybe the 300 might still hold