Ether has been bouncing above and below $470.00 since yesterday and it looks like it has formed a triangle. Most likely it will break to the downside and how far it goes will let us know if the move up that began almost a week ago was a trend change or not. If it was a trend change, the price might be on it's way to $570 like THIS:
If it wasn't a trend change, the price may be going down to $360.00 like THAT:
The price is currently close to the apex of the triangle, so it shouldn't be much longer until it breaks.
I’m no expert and this isn’t financial advice