We got twisted and turned like everyone else, but I think regular readers of our work have seen that we like Ethereum (ETH) despite the range-bound nature of the price action.

If we can add anything to the mix, it's that 180 looks like the high volume price going back to early September. As you can see from the chart, the visible range for the volume analysis encompasses a lot of price action dating back to September.

So, what's our point? Our point is 180 is like the equilibrium for ETH. That means it could just sit here or around until the day comes when it makes it move up.

Bottom Line: In the meantime, we have to wait.

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