To me it looks like a clear accumulation phase
It's more like a "let's buy as much as we can without alerting the market" phase.
The positive news have been piling up for a while now
and the sold out devcon2 is closing in.
The trend won't stay under the radar for much longer...
I have been hearing about this for as long as I can remember and nothing ever happens when I hear it except in the histories.
I hope it finally start moving up so we can join in the pump and dump and make some profit from the pump which I doubt can happen as big as any time before because ethereum is not like before anymore.
The price of Etheruem might move up a lot during the Etheruem converence in China. But it is not for sure.