Is it us, or do you feel like the fictional fighter John Wick is somehow standing sentry at 190 in Ethereum (ETH)? Every time ETH tries to make progress above 190, it comes back off the same day. This price action creates candlesticks wicks. Wicks form when there is a big difference between the high/low and the close.

Hence our John Wick analogy.

We say a similar phenomenon in other altcoins, but we noticed that the altcoins would stabilize after the big wick days. Then, unlike earlier this year, they would turn around and rally.

Bottom Line: Boredom and frustration are par for the course in ETH. We still like it, big wicks and all.

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