FOMO

On the weekly indicators ETH apears to be pushing the top of RSI , Stoch RSI and BB. I not suggesting that it's going to crash to 0 lol. Though it's likely to slow down causing those expecting overnight $1000 price to exit. A long calming of the price or a quick pull back could happen. I think a quick pull back is more likely and would dump any weak hands that FOMO'ed in the last couple days. I don't see a pull back breaking the upper trend line that broke. As tomorrow closes the weekly candle and this is the first week above that trendline it's likely to see some bearish push to get price below it. I highly doubt price gets pushed that far.

That being said the weekly chart is why i'd say i'm bullish expecting a higher high next week. Some leveraged positions might get REKT on the daily price movement though.



My main concern is the BB on the daily chart price has been able 2 standard deviations for days now. Historically that does not last long. Normally not a trend reversal after this many days outside it. It's normally just a pull back or flatting. BB has historically been very accurate on price range.