Ethereum Price Analysis: ETH/USD mundane range, not helped after Constantinople delay

  • Ethereum price nursing losses late on Wednesday of some 1.28%.
  • ETH/USD remains stuck within a narrowing mundane daily trading range.

ETH/USD price continues to trade within a narrowing mundane trading range. The lack of commitment not being helped by the last-minute delay of the highly anticipated, Constantinople update.

It has been one week now since scheduled update Constantinople, being announced as delayed. The Ethereum team lead Peter Szilagyi, of the core developers at Ethereum, did confirm earlier in the week, it has been postponed until the end of February, going live on 27th February 2019.

There isn’t too much to note on the technical front, aside from the upper and lower parts of the current range. The high is seen up at the $130 area, where sellers are camped. In terms of support, the low of the range, $115. A breakout of each respective level, will likely determine the next committed trend.

ETH/USD daily chart


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.