gumoca

ETH could be reaching a local top here

COINBASE:ETHUSD   이더리움
It seems like this pattern could fail as I'm seeing a bit of overhang here in ETH. This could take it back somewhat for another attempt to tackle $4k perhaps by end of the month unless huge volume ends up eating the supply here. It does not seem like ETH can take $4k for now, but it depends on BTC sentiment a bit too. Perhaps all the market could take a breather soon and regain power by end of the month. I think tomorrow we will know with the jobs report. It is beginning of month, and perhaps too much bullish sentiment will end up here in this wedge. I'm more neutral now after seeing this pattern.

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