Investors eagerly wait for more

• Additional upward movement to snag at $ 106.00 resulting in a bear correction.
• The Relative Strength Index is currently motionless at the 50.

It was locked in last week this Monday. The crypto corrected higher above the range resistance at $ 88.00 and the hurdle at $ 90.00. While the momentum on Monday, the recoil yesterday saw ETH / USD zoom above $ 100.

Additional upward movement hit a snag at $ 106.00 resulting in a bear correction that is currently supported by a short-term support at $ 102. Ethereum is also supported strongly by the 50 Simple Moving Average slightly below the above short-term support. If declines extend below $ 100, the 100 Simple Moving Average will come in handy.

Looking at the 15-minutes chart, the trend is more or less sideways. The Relative Strength Index is currently motionless at the 50 mark. Asian trading hours. Moreover, the MACD is heading towards the negative region although it hit highs of +2.55 today (slightly above the levels reached on Monday).

The Ethereum community is waiting for an update in January 2018. This update had been scheduled to take place in November this year, though, the developers hit a snag when it failed to function on the test network. The upgrade will be the groundwork for other upgrades like the Sharding and the proof of the stake protocol.

ETH / USD 15 'chart