In a never ending search for SOMETHING positive in Ethereum , we drew Fib speed resistance lines off the 800 high in May of 2018.

While the struggle in the 190-200 zone is real, it is possible that Ethereum may be making a quiet break through major resistance points from the Fib speed lines.

We know the negative case for Ethereum . It has to do with technology. That said, now might be a good time to remind people that the SEC considers ETH a currency, not a security. Said differently, ETH is considered money...and it may be "cheap" money. As in ETH may be an undervalued currency in FX speak.

This may be something to keep in mind as the situation in the Middle East unfolds. If people go looking for alternative currencies during a time of turmoil, ETH may awaken.

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: