Ethereum Analysis January 4, 2018

Ethereum Analysis January 4, 2018

ETH/USD

Ethereum was a bit choppy during the trading session on Wednesday, as we approach the $900 region. There is plenty of support below to keep the market higher though, so on dips I believe that Ethereum offers value, and that we will continue to see a “buy on the dips” mentality. Longer-term, the target is $1000, but it’s going to take a while to get there.

 

ETH/BTC

Ethereum was flat during the trading session on Wednesday after initially falling. The market looks as if it is trying to continue to go to the upside, and we are currently right in the middle of the Bollinger bands, suggesting that perhaps we could continue to go higher. With a little bit of artistic license, you can form a nice uptrend that the market is following. Ultimately, I believe that the market will bounce and go looking towards the 0.065 handle.

Thanks for watching, I’ll be back tomorrow.

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