Not saying to short or anything but this is a very high risk area to be taking longs on ETH. Notice Bearish Divergence on 4h MACD and RSI (Triple!) and price sitting exactly on top of this Rising Wedge. Not to mention BTC Dominance sitting at historical support of 49% where it bounced multiple times in the past and BTC itself showing 4h Hidden Bearish Divergence. We are in very high risk areas right now, wave down would not be surprising at all! This is exactly where reversal could occur. Could easily go back to the bottom of the channel at 2400 or even break down the wedge (which is a bearish structure) like BTC did 2 weeks ago and see a huge markdown. Bearish indicators and patterns underperform in bullish conditions but they recently played out on BTC. As of right now there is even possibility of Bearish Divergence forming on daily timescale to strengthen the arguement.