There's less utility for Ethereum and less use case at the moment which is ultimately a . When we look at its , you can see Bitcoin broke out of its , Ethereum hasn't just yet which is a little bit concerning due to the fact that if Bitcoin goes to the upside and Ethereum stays within these levels than Ethereum's Satoshi values will be dropping.
Expect us to consolidate within this , we may see an overall long-term path, but at the end of the day, it will not outperform Bitcoin or some of these other altcoins right now potentially moving back on the top 10 list beyond Ripple just because it's not being utilized as these other altcoins such as Neo and Tron which are a lot more advanced in some ways, some are a lot faster and they solve a lot more issues as Ethereum is now an old platform which right now is finding resistance right around that $183 mark.
Looking at the Satoshi chart it's actually showing exactly what we are expecting, we were in this
ascending uptrend with this ascending . You can see how we just broke out of that
and we are now below the 4 hour (in light blue) and now that's acting as a new resistance
and there is also large sell and the broke down from its support at 40 to these