We will be looking for a clear break in either direction before deciding on a bias. Upon break and retest an opportunity may present itself.
Fundamentally, Ethereum is a strong coin, with the 2nd highest market cap of all the coins. Second to BitCoin . So I do view this as a stable coin to trade. We have seen massive runs north(+380%) and price has begun to stall. So it is crucial that we wait for the price action signals to come to us.
*PSA* Cryptocurrencies are still in their adolescent years.
While on FOREX I do not consider . It is my own personal belief that you should educate yourself on Blockchain, Cryptocurrency Mining, and the vision/direction each company sees itself heading.