Hello,
This is my idea of what may happen to ETH short term.
At the moment the falling wedge pattern is building which is a bullish indicator but it still requires confirmation and we will only know for sure when the trend picks up and breaks through the green triangle. On the other hand if it breaks downwards then we may be heading for descending orange triangle pattern which is a bearish indicator. The circled area is the one to watch.
At the same time BTC is going through a rising wedge pattern which is a bearish indicator.
Any constructive comments highly appreciated :)