Volatility Breakout in Ethereum Could Signal Further Weakness

This chart looks at rising levels of volatility in ETHUSD

Rising volatility (blue line) relative to the March peak
suggests Ethereum could have more room to fall against the
dollar. Some near-term support around $250 could be tested
if the fade in Cryptos continues. The recent move lower has
been agitated by weakness in the XLK. However, the days
ahead are shaping up to be a batlle over valuation with
major players lining up on both sides of the market.

ETHUSD / BTCUSD / LTCUSD

Comment:

Update: Six weeks later, ETH is down 40%.