Ethereum $ETHUSD has been rallying in November after hanging around 300 for a few weeks. We recently discussed the prospect of a bullish breakout: ETH/USD Gearing for a Breakout?ETHUSD Daily Chart(click to enlarge)Triangle and Bullish Bias:- The daily chart shows us that ETHUSD has been consolidating since it cracked 400.- The volatility in swings within this period of consolidation has been getting lower, hence a triangle has formed.- Now, price will be testing the triangle resistance as it pushes towards 375. - Meanwhile, the RSI will soon be above 70 and show overbought condition. - Still there is a slight bullish bias before the prevailing trend before the triangle was bullish.- Furthermore, price remains above the 200-day simple moving average. - I think if price does retreat, we might have to limit the bearish outlook to 320, maybe 300.- If price falls below 30, we will be looking at pressure towards the triangle support and the 200-day simple moving average, with a potential bearish outlook if these support factors do not hold up.