Cryptos have been hot! With the Coinbase (NASDAQ:) IPO, Coinbase surged on its first day trading and it took higher most of the “crypto space” and was one of the leaders.

The breakout above the 2000 has allowed for another 20%+ climb the last couple weeks. We are nearing a bearish “crab” possible harmonic setup (as confirmed by Andre from the Forex Analytix team) as we make it to the 2500 level. Considering the extensions come in just above 2500, and that is a “big figure” level, bulls should be careful especially as the daily RSI reaches overbought

ETH/USD Daily Chart
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