Based on the trendline on my other Constantinople chart:
Things have become short term bullish looking and an ascending triangle formed since 28 December breaks the downwards trendline since August 2018.
All ETH needs to do is continue on the same path to break the pink downward trendline.
Other reasons this looks short term bullish for a breakout:
MACD Ready to trend upwards
Histogram reversal forming
Volume increasing on the 4hr
Fibonacci matches a breakout
Other note: if a breakout occurs, $140 could become resistance, $120 could become stronger resistance, a higher high of $320+ that holds could mean... bull market?