As well as being a bear market indicator, lower highs reflect ETH traders eagerness to sell when they feel that the price is "topped out", which is why the 2nd and 3rd lower high are so close in price. The price action isnt all bearish however, as the recent low for ETH did not break previous YEARLY support of $80. but ETH holders are not out of the woods yet, support at $80 must hold for at least a few more months and higher lows must be made in order for buyer confidence to return. If $80 breaks i expect ETH to reach $50 and even lower but the chart suggest $50 as a STRONG support zone. Personally i feel we will break $80 in the coming months and make new lows by end of year. Only time will tell whether we are in accumulation or if Ethereum is still overpriced. Thanks for reading.