If ETH manages to beat the gravity force of this wedge, which is likely given the positive news of BTC ETF (I think it could actually be a sell the news event if ETH goes beyond $4.4) but if volume kicks in I would not be surprised if ETH flirts with breaking $4.4 towards $5K. Weekly chart looks good with positive momentum, but anything can happen in cryptoland. I stay bullish but with caution if ETH goes past $4.4K too fast. I favor a scenario of lateral weekly moves, then a backtest of $3.8K then a run to $5K by the end of 2021. Let's see how this plays out.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.