Ethereum (ETH) is currently moving sideways, trading within a tight range. The one-day chart shows a clear decline in market volatility, reflecting a balance between buying and selling pressure.
The Average True Range (ATR), a key volatility indicator, has dropped to signaling reduced price swings and cautious market behavior. This decline in ATR highlights that traders are taking fewer risks, leading to smaller moves and lower trading activity.
Periods of compressed volatility like this often precede significant price moves. As ETH remains stuck in this narrow range, traders are watching closely for a potential breakout that could set the tone for the next major trend.
The Average True Range (ATR), a key volatility indicator, has dropped to signaling reduced price swings and cautious market behavior. This decline in ATR highlights that traders are taking fewer risks, leading to smaller moves and lower trading activity.
Periods of compressed volatility like this often precede significant price moves. As ETH remains stuck in this narrow range, traders are watching closely for a potential breakout that could set the tone for the next major trend.
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Truly Unbiased Cryptocurrency News beincrypto.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.