Potential creation of new support line, Upward Momentum

Using the parallel channel tool we can see the previously untested bottom half has proven to be some what of a support holding up on the 28th. One can look at the price movemnet over the last day creating a decending triangle or a symmetric triangle.
If ETH breaks up expect to see 1700, alternatively a breakdown here could be very bearish for the market as a whole.
Long
Entry - 1450-1470
Tight SL- 1430