ETHUSD
is beginning to form a range between $113 and $160, just north of the recent $80 bottom. Meanwhile the RSI is showing signs of life. Unfortunately fundamentals are lagging. Recent downward action occurred in-time with the Constantinople delay. This marks yet another delay in a long list of those given by the Ethereum Foundation. As the upcoming fork-hype helped ETH lead the market last week, I can only imagine there are many disheartened investors and traders today. Any decent move against these fundamentals would be a huge bullish signal in my eyes. I'm keeping a close watch and a tight stop.
ETHUSD
is beginning to form a range between $113 and $160, just north of the recent $80 bottom. Meanwhile the RSI is showing signs of life. Unfortunately fundamentals are lagging. Recent downward action occurred in-time with the Constantinople delay. This marks yet another delay in a long list of those given by the Ethereum Foundation. As the upcoming fork-hype helped ETH lead the market last week, I can only imagine there are many disheartened investors and traders today. Any decent move against these fundamentals would be a huge bullish signal in my eyes. I'm keeping a close watch and a tight stop. 