Ethereum - Another run up to $200?

Looking at not long ago we were at all time high mania at over $200, we have actually made almost a 50% correction. Hopefully if you are investing in this you didn't chase at $200.

Here's why where we are could be a prudent entry point for those missed the run up from 90 to 200:

First red circle:

This is our all time high. Notice after that we continued to make lower highs and lower lows.

Second and third red circles:

Here for the first time since we reached all time high, we are making two consecutive higher highs and more importantly, consolidating higher lows. To me this is a confirmation at least in the medium term the bottom is in and we could see another run up to $200. However, if we see a failure to break all time high that could mean our bottom has not been formed and you should take some profits off the table.