gumoca

ETH back into the wedge fighting the supply zone towards $4.4K

Long
COINBASE:ETHUSD   Ethereum
Let's see ETH in the next couple of weeks if it manages to move past that supply zone. Seems like a zone with some turbulence. Maybe investors who bought on the hype of May 2021 just want out. Once the weak hands go, then ETH will be ready to move past $5K imo. It's a matter of time. So I'm proposing that ETH will move along the wedge from now until the first week of November. Once it passes and clears $4.4K-ish then it will be free to move a bit faster towards $5K. $5K is such a psychological level imo that can get retested multiple times before we move higher. Perhaps $5.6 could be resistance. Above $6.25 I think ETH could make a strong move towards $8K perhaps by year-end. Let's see...

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