- ETH/USD is capped by $139.00 handle.
- Vitalik Buterin said he was satisfied with the existing governance model.
ETH/USD is hovering under $139.00 amid slow trading session. The second largest coin is confined to a tight range, staying unchanged since this time on Tuesday.
The coin is moving in sync with the rest of the market, with the upside potential above $140.00. Once this barrier is cleared, new speculative buyers may pop in and push the price towards the recent high above $146.00. Meanwhile, $150.00 remains the key barrier that separates us from a sustainable recovery.
On the downside, watch out for $136.00 strengthened by SMA100 (4-hour) on approach. The next critical barrier comes as low as $130.00 with DMA50 spotted right below this level.
What’s going on
Speaking in the recent episode of Into the Ether podcast, Ethereum founder Vitalik Buterin shared his views for the Ethereum’s governance model. He believes that the existing model passed a tough…