Home / Crypto Currency / Ethereum Analysis January 17, 2018, Technical Analysis

Ethereum Analysis January 17, 2018, Technical Analysis

ETH/USD

Crypto currencies are getting pummeled during the trading session on Tuesday again, as Ethereum has reached down to test the $1000 level. If we break down below this level, that will bring in fresh selling, and probably free the market to go down to the $850 level. Alternately, if we can bounce a break above $1200, that is a bullish sign.

ETH/BTC

Ethereum has drifted sideways against Bitcoin, but quite frankly with both currencies looking very susceptible to selling, it makes sense that we won’t see much action in this market. I believe that the 0.10 level above needs to be broken for the buyers to reenter, otherwise we are going back to the 0.08 level.

[youtube https://www.youtube.com/watch?v=RyZ_DsRmfIk?feature=oembed&w=660&h=371]

Thanks for watching, I’ll be back tomorrow.

Read more

Check Also

MECA Casino: Bringing Transparency to the Gaming Industry

This is a sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. The gaming industry first took flight several decades ago, with casinos being established at numerous tourist locations around the world. More recently though, with the advent of the internet, The post MECA Casino: Bringing Transparency to the Gaming Industry appeared first on CCN

Leave a Reply

Your email address will not be published. Required fields are marked *

Disclaimer: Trading in bitcoins or other digital currencies carries a high level of risk and can result in the total loss of the invested capital. theonlinetech.org does not provide investment advice, but only reflects its own opinion. Please ensure that if you trade or invest in bitcoins or other digital currencies (for example, investing in cloud mining services) you fully understand the risks involved! Please also note that some external links are affiliate links.