Majority of technical analysis prediction fail, but I guess it won't this time. The ETH market is due to rally, it has an upcoming update and Bitcoin price had increased. The bitcoin increase is always followed by Altcoin rally and definitely ETH will be the next in line to have a bullish market trend.
Which update is that, I don’t believe much gain in all these updates or upgrades, that is how we expected their last upgrade to shoot the price of the coin to the moon, but rather, it was after the upgrade that the coin even went down a bit until recently the Bitcoin came to really help their situation out because very growth we see in the price of BTC is felt too by Ethereum, and that is why they managed to grow up to $180 and if care is not take, and they don’t hope that BTC grows further, they might not make any move again because I can’t seems to see any new investors investing in them other than BTC.
Whatever analysis that should be made should be on BTC and not ETH, once BTC performs, they will surely perform.