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Breaking News: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?
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Breaking News: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?

Ethereum Analysis December 11, 2017

newsbtc
newsbtc
1 year ago
1 min read
ethusd

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Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

ETH/USD

Ethereum rallied rather significantly during the trading session on Friday, reaching as high as $450, but ran into significant resistance. As we consolidate between the $425 on the bottom, and $450 on the top of the short-term range, I suspect we are going to continue to see choppy conditions. I do however feel that Ethereum will continue to strengthen longer term. Use these dips as potential buying opportunities.

 

ETH/BTC

With the world focusing on the volatility and Bitcoin, it’s not a surprise that this market rallied significantly during the trading session, but then rolled over again. The downtrend is very much intact, and at this point I think we are going to revisit the lows. The 0.03 level has in fact held as massive resistance as we thought it could yesterday.

Thanks for watching, see you again next time.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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