There is a sudden increase in the price of ethereum but the price had not yet breached the upper line of triangle. The breakout can be made before the waves cross the first fence (made by me) or through second arc or fence is necessary.
Disclaimer:
This is only my point of view. These are guesses by means of graphical and statistical analysis. I am not recommending you to buy or sell any coin or cryptocurrency on my mark. The post is for informational purpose only.
If you have any thought to share, feel free to comment.