ETHEREUM Volume Dwindles Again

I feel like it's been a while since I've done a post on Ethereum. Honestly, it's been pretty boring lately. With low volumes, it means little action. We're definitely seeing that as the prices get super tight and flat.

The $105 support is holding right now. Depending what BTC does (likely bearish), I'd expect a significant breakout here. I think there's a lot of action and bears waiting on the side just ready to pounce once there's confirmation. I do expect ETH to make a more significant move than the main market driver Bitcoin.

Optimists probably see a potential for longer consolidation on the weekly and daily charts, but the thing is, volumes are just so small here. Consolidation leads to lower volumes. It's hard to consolidate too much lower because things are already so non-existent. Longer tightening consolidation means we would literally see no volumes, and in which case, what will cause a tightening pattern on those charts? Not going to happen.....

The typical pattern for ETH in consolidation and tight ranges like this is sideways trading followed by bear break. We've seen it basically the last six months.