In terms an analyzing Ethereum (ETH), one thing does stand out in the listless range.

Currently, we want to watch the 50-day moving average at 182. We need bulls to show up at that level. Sellers have the advantage at 190 and above. We discuss that in our John Wick piece yesterday.

Bottom Line: What needs to happen now is to see if bulls can manage to show up in Ethereum (ETH) on dips. This will be key to gauge the health of the crypto market over the next five days.

DISCLOSURE: Token Metrics is a regular publication of information, analysis and commentary and does not provide individually tailored investment advice. The Token Metrics team has invested and advised in many blockchain companies. A complete list of the team disclosures, advisory roles and current holdings can be viewed here: https://blog.tokenmetrics.com/disclosures/.