Ethereum’s Booming Usage Could Spark ETH Drop: Here’s Why

Ethereum’s Booming Usage Could Spark ETH Drop: Here’s Why

Ethereum ETH 15.31.12 30 Jun 2020

Ethereum has undergone a consolidation period for over the past month. Since the beginning of June, the second-largest cryptocurrency by market cap has mostly traded between the $217 support and the $250 resistance level. Such a narrow trading range has made it nearly impossible to determine what the future holds for Ether.

Nonetheless, the TD sequential index recently signaled that ETH was bound…

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