ETH is following this path since the first rally in January. Broke out on the upside and got a huge fallback below the line. Now it is back in the range. Right now it is trying to flip the upper black line for support, which mean another move up like in May is a considerable option.
Breakout above the pennant can mean a move up, below the red line may lead to the test of previous resistance levels (0.145).
Can lead to a further breakdown and retest of the 0.09 / 0.075 area.