BTC ETF positive for ETH. Measured move could be $5K but caution
If ETH manages to beat the gravity force of this wedge, which is likely given the positive news of BTC ETF (I think it could actually be a sell the news event if ETH goes beyond $4.4) but if volume kicks in I would not be surprised if ETH flirts with breaking $4.4 towards 5K. Weekly chart looks good with positive momentum, but anything can happen in cryptoland. I stay bullish but with caution if ETH goes past 4.4K too fast. I favor a scenario of lateral weekly moves, then a backtest of 3.8K then a run to 5K by the end of 2021. Let's see how this plays out.
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