Ethereum: Triangle of Death?

As you can see in the charts, it's looking like a make or break for Ethereum here. The markets had a little bounce in their step but so far it seems as though the music has stopped playing. If we can not break the recent pivot high of 222 than all the possibilities are on the table for where ETH can head from here. This is unbelievable but we are looking at what the market has given us not what we hope. Keep and eye out as volume on ETH continues to be very large. Maybe another washout lower could signal capitulation but only time will tell. Lets wait and see but as much as I'd like to be bullish its looking not so hot.

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This is my own personal analysis and I do not give financial advice.
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