Home Ethereum Technical Analysis: ETH/USD lack of volatility indicates an explosive move to $250 or $220 is nearby
Crypto News

Ethereum Technical Analysis: ETH/USD lack of volatility indicates an explosive move to $250 or $220 is nearby

FX Street
Published date:
  • ETH/USD is currently trading at $239.67 staying flat.
  • Ethereum price has been lacking volatility for the past week.

The second-largest cryptocurrency is not doing much, trading between $235 and $245 for the past six days. Ethereum price peaked at $248.98 on July 8 after a significant bull move, however, bulls have been unable to resume the positive sentiment and create a new leg up.

ETH/USD daily chart

ETHUSD

Clearly, not a lot is going on with Ethereum. The lack of volatility indicates that a big move is going to happen soon. It’s hard to really predict which direction Ethereum will take as the recent daily uptrend is not strong enough to really give an edge to the bulls.

At the same time, Ethereum has been far stronger than the rest and a bearish breakout is not that likely either

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2026