ETH/USD Forecast: Ethereum Continues to Hesitate

  • Ethereum markets initially rallied a bit Friday but gave back gains as we continue to see a lot of noisy behavior.
  • This is a market that I think has a lot of noise to chew through, not the least of which is going to be the fact that there is a severe lack of risk appetite.
  • As long as that’s going to be the case, it’s difficult to imagine how this market takes off anytime soon.
  • Ethereum is pretty far out there on the risk spectrum, and it does make a certain amount of sense that we would see hesitation to get involved in this type of environment.