ETHUSD has been kind of wild lately. However, if we zoom out, the macro view for ETHUSD is extremely bullish. It has been forming an ascending triangle on the weekly chart for almost a year. Remember, the longer it takes for a technical drawing to form, the more severe will the reaction to it be.
Notice the volume has been drying up, classic behavior of such a bottom formation.
Notice the volume has been drying up, classic behavior of such a bottom formation.