Ethereum thesis at the previous all time highs: You don't fade strength in the market like that. Not like this. Yet the previous highs will trigger some sell limits and sell pressure form various market participants. I personally expect some minor pullbacks right here to happen very similarly to what we saw close to $4,000. Yet I'm fully expected it all to be absorbed and a pullback/ranging to be temporarily (if not briefly). I said it before: A chart setup like this VERY RARILY does not end up in a major further expansion to the upside. We've seen it before on Bitcoin, we've seen it before on gold, we've seen it before on ... You don't fade strength like this.