Shrinking Volume and Volatility Don't Bode Well for an Ethereum Price Breakout

23 days ago
1 Min Read
120 Words

The price of ethereum is creeping up on a key level that has acted as a pivot point in the past.

What I don't like is volume has been nearly non-existent over the past few days as price has grinded higher ever so slowly.

Line in the Sand


Looking at the daily we already have one higher low with the mid September highs following the spike to end August.

Now price is looking like it may want to roll over and give us another lower high. That is not bullish price action. A push to atleast test the most recent highs at the 380 area would atleast show the bulls are in the game.

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