I hope you had a great weekend.
Here is an update outlook for ETH and what the chart is telling us:
1. ETH is mostly trading in a very narrow trading range - between $280-$320
2. Bulls tried to trade outside this trading range but failed (due to selling pressure) - They could give is a try again very soon
3. Bears also tried moving prices lower, but buying power is very strong (see in , its very clear was high)
We won't see any major movement unless we start ETH moving outside the trading range. I'll update the idea as much as possible, but for now I'm neutral.
Let me know if something isn't clear. Thanks - Abdulla
I'll post a new idea soon.