As noted previously, ETHUSD recently touched the lower trendline and bounced sharply. On the 8HR timeframe using Supertrend, there's a Bull signal setup on ETHUSD if close > 300.59 Also looking for Bull signal confirmation on CM_Ultimate on 8HR Chart. The 4HR Bull Signal has confirmed on Supertrend and CM_Ultimate. Currently, there's consolidation in the 290 area, which I feel is bullish with all the Chinese FUD in the news. The Supertrend 1D Bull signal setup is if close > 353.10 and that's my first target with a 8HR Confirmed Signal. Long term, this could be a bearish rising wedge with false breakout potential, or ETHUSD could really break out signaling big upside. A break of the lower trendline is very bearish, so that will be on watch as well.
I'm inspired by @Crypto_Ed, I really like his charts and linked to his most recent ETHUSD chart.
*Trade at your own risk. Not investment advice.
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No confirmation yet on the 8HR Chart... I think it may happen in the next 1-3 days, watching closely.