Looking at the past day or so ETH has been ranging significantly. A breakout to the up or downside depends of where the crypto market goes on a whole from here. Personally I do not think that the bull run we have been waiting for is here yet, and we may have some more falling to do. One thing is clear is that the tug o war that took place yesterday is seeing the bulls weaken and bearish momentum resuming. We may continue to range for a while but I think the next move may be down based on the momentum of price of leaning more towards a short downtrend as of today.
Given how sporadic the market has been recently, I wait for a downtrend confirmation, we may just continue to go up.
Given how sporadic the market has been recently, I wait for a downtrend confirmation, we may just continue to go up.