In this video, I outline the possible cup and handle formation Ethereum is showing on its chart. It may retrace to $300 before putting in new all-time highs.
EDIT (UPDATE): Just an update - Price target was smashed through in a brief period of time. The bottom range was lower than I was anticipating. 270 to 250 is not unreasonable at this point. I was also reading my chart wrong in the video, the 0.618 line hits lower than 300.
What we want to watch for an ETH bottom is the Bitcoin chart. When Bitcoin bottoms that would also likely coincide with an Eth bottom. For the BTC bottom I am still looking at 4k to 3,600.
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