Analysis

ETH/USD and ETH/BTC Technical Analysis December 4 2017

newsbtc | December 4, 2017 | 8:30 am
ethusd
Analysis

ETH/USD and ETH/BTC Technical Analysis December 4 2017

newsbtc | December 4, 2017 | 8:30 am

Hello and welcome to News BTC’s Market Outlook December.

ETH/USD

ethusd

Ethereum had a very volatile session during the trading session on Friday, but eventually settled on going bullish. We broke to the $460 level, and have pulled back slightly on the hourly chart. However, I think it’s only a matter of time before we break above $460 again, and continue to rally slightly. Because as though, we have had a vicious selloff recently, so there is going to be a lot of fear in the market.

ETH/BTC

ethbtc

Ethereum fell against Bitcoin yet again, and as I said yesterday, I believe the market is going to continue to grind towards the 0.04 level underneath. Any rally at this point should be a selling opportunity, until of course we can break above the 0.045 handle, something that I don’t expect to see.

Thank for watching, I’ll be back tomorrow.

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NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins. Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies.

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