ETH for the most part of this week has been looking like it was going down to hit $470, but every 4-hour candle that passes the less likely it looks like that's going to happen.
Right now ETH is still holding in this wedge, created higher lows, and could regain this $556 support level going long.
Every drop this past month on Ethereum has been higher lows and it never lost the bullish momentum.
If it continues to trade in this wedge and hold this trendline, ETH is looking like a beautiful long going back up towards $600 and beyond.