Ethereum Retraces On Below Average Volume: The Bull, Bear Case For The Crypto

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Ethereum (CRYPTO: ETH) was edging about 1% lower during Tuesday’s 24-hour trading session after breaking up from a sideways pattern on Monday, which Benzinga pointed out Friday was likely to occur. The crypto was trading in tandem with Bitcoin, which was also retracing Tuesday after spiking up about 2% on Monday. Ethereum’s recent fluctuations in price have settled the crypto into an uptrend pattern on the daily chart. An uptrend occurs when a stock consistently makes a series of higher highs and higher lows on the chart. The higher highs indicate the bulls are in control while the intermitten…

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