Ethereum short-term volatility in the current range

Ethereum-short-term-volatility-in-the-current-range

Examining the Ethereum technical and on-chain charts, it is likely that Ethereum will fluctuate within the current small swing range in the short term. (between 1-2 weeks to 1-2 months). Derivative market charts indicate the relatively high number of short transactions. However, Open--interest is declining, which indicates a decrease in traders' confidence in the future trend of the market. On the other hand, Bitcoin will probably have the challenge of breaking up the $43,500 resistance and will be involved with this resistance for some time. Therefore, it is not possible to expect an increase in the price of Ethereum until the market leader has passed the resistance barrier. The $2150 support area is also an important support area for Ethereum. So my expectation is that Ethereum will have limited volatility in the current range.