Interesting post. You have point and your analysis seems valid. I don't usually trade ETHBTC, but it is similar to ETHUSD which is the chart I look at. I think we are at an inflexion point. IF it breaks higher, above the bear channel you've drawn, and holds above that trendline, then the 'spell' is broken. Nonetheless, it's been quite the run, and I am thinking a bit exhausted with some retracement due. Let's see how it plays out tomorrow that'll give you more clues -cheers