I'm looking at charts for Ether for week, month, 3 month, etc.  While you could argue it has started it's ascent into an upchannel, there doesn't appear to be clear direction for Eth at present.  It's hovering at the top of the channel if you include points from Late June and the last couple weeks.  But this isn't decisive.  It could easily break lower.  We need a decisive push and hold above current levels to confirm an upswing, I think.

I don't see Eth as a valid buy right now. I'm holding some, but not enough to move the needle if it rockets higher.  If it rises and holds above 250 I will get interested again.  For now, I'm only seeing downside - great for day traders, I expect, not good for buy and hold yet, until a direction is confirmed.