While Etherium had an easy run earlier this week surpassing $140 the coin is now hitting some decent resistance holding it from supassing $140 again. Current ETH Price $136.12, ETH/USD confluence detector shown above has large resistance above but very little support below.

Meeting this resistance with little support is large movements of ETH by whales, $4 Million in the past 24 hours alone seeing funds move from Exchanges to private wallets:

7499 ETH from Gemini to a private wallet

10000 ETH from OKEx to private wallet

12000 ETH from Bitfinex to private wallet

Obviously the bullish signs this week had whales move to exchanges only to move back now seeing the resistance and potential bearish turn. Both SMA 10 & 50 now point bearish seeing Etherium potentially move back to the $130 range soon.