Ethereum in a Narrow Range

15 Mar 2022

Ethereum has leveled off in a very narrow range between $2509 and $2595. This is a very narrow range for ETH as ambivalence in the crypto markets hits all the majors. We have very low activity on the network as well, with gas prices last night falling as low as $2 for some operations. If this disinterest continues, we could test lower levels. The first target below is $2454, then $2402, which should be considered a floor for now. From above, we must break $2595 then $2651 is the next target.