After we broke out of the descending triangle towards the downside, Ethereum managed to find it's bottom for now at the 1560 mark. The bulls were able to push the price towards the upside touching the 200 EMA. A Bull flag is forming which is a signal to enter a long position if we break above the flag and receive a volume confirmation. If we break back into the descending Triangle the bulls will need to break the upper line of the triangle to confirm the long term downtrend has reversed. The green line represents the bullish price target taken from the pole of the bull flag. The RSI also displays signs of a bullish divergence creating a lower low but price is bouncing.