If we look at the rise since the yearly low for ETH, we can see that it has been forming a bull flag over the last 2 weeks. The only caveat here is that BTC is showing more bearish signs, and given that it is an indicator for the performance of the whole crypto market, ETH might suffer as a result as well.
However, if you read some of the other analysis on here, you will see that most expect some more down, followed by a clear rise. This would fit very well with this flag pattern.
However, if you read some of the other analysis on here, you will see that most expect some more down, followed by a clear rise. This would fit very well with this flag pattern.