The ETH ETF: Nothing to See Here

Well, kinda like with bitcoin ETF launch, there weren't any kind of crazy fireworks with the price.

Basically a small sell off the past couple days, guess a little sell the news type action.

And I'm Rangebound

The good news about ETH is price never exited the trading range it has been in for the better part of the year while BTC briefly had its test of new lows.

Relative strength is always nice. Maybe the ETF anticipation had something to do with that, who knows.

Either way, ETH has been dancing with the 200 moving average and continues to stay above it (for the most part). Getting back above 3500 is the first step toward a more sustained move higher.