Liquidity is nowhere to be found lately, which is reflected in choppy price action.
I anticipate a slow grind back to the DAO hack kev level above, for the time being, which is why I'm holding longs, without leverage or margin.
I'd be interested in seeing liquidity step in, to be able to trade more frequently, since right now, it's clear the market is awaiting fundamental news. The recent announcement has been beneficial for bulls, and will likely propel ETH back up to pre-hack levels. If this is to materialize, I'd reduce my long positions or book profits, to then reasess after the dust settles.
If price drops back under the lower blue line on this chart, I'd reccomend closing ETH longs and waiting to buy it lower.
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