BITTREX:ETHUSD is most definitely trending downward. The bearish signal, given by the descending triangle, suggests just that. This should be regarded as a market consolidation given the recent hype around the historic 10k mark achieved by COINBASE:BTCUSD that drove the entire crypto world nuts, including ETH. But this was expected.
The descending triangle is constructed with a flat support line @ $433.36 (Green Horizontal Line or consolidation line) and a downward-sloping resistance line (See the descending red line).
If the price drops under that support line, then the new support line should be placed @ $412.10 (Blue line). it is just a matter of time before BITTREX:ETHUSD hits $500 again, based on my R&D.
Entry Point $462.26. Stop Loss $406. Target Profit $500.