Ethereum (ETH) Technical Analysis: Ethereum (ETH) Drops 4% Week Over Week

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Regardless of this flat price action, chances are we might see a short term price recovery only if buyers drive prices above Aug 17 highs of $330 or there about. In the meantime though, Ethereum (ETH) is down two percent in the last day as the community receives with great expectation IE’s Bakkt and their effort to make crypto mainstream.From the NewsEarlier this month, International Exchange, the company which owns The New York Stock Exchange announced that they will be forming a new company Bakkt with the sole purpose of creating the lacking regulatory framework that facilitates fast price discovery as well as creating the infrastructure required for making trading, storing and spending of several high liquid cryptocurrencies as simple as possible.We introduced Bakkt two weeks ago, and in her latest @Medium post our CEO looks ahead to an even busier fall— Bakkt (@Bakkt) August 20, 2018It’s often the