Ethereum May Target $170 in Near-Term as On-Chain Volume Drops 20%

Ethereum (ETH) has been caught in a bout of consolidation within the mid-$180 region, which has been largely guided by Bitcoin’s inability to garner any momentum that pushes it away from the lower-$9,000 region, which is where it has been trading for the past several days.
Now, analysts are noting that ETH may be positioned for a retrace towards $170 in the near-term as it also faces an ongoing decline in on-chain volume.
Ethereum Consolidates as Analysts Target a Downside Movement 
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