Technical analysis by gumoca about Symbol ETH: Buy recommendation (10/28/2021)

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...