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Breaking News: SoftBank, Ark Invest Among Potential Investors In Tether's $15 Billion Funding Round
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Breaking News: SoftBank, Ark Invest Among Potential Investors In Tether's $15 Billion Funding Round

Ethereum Analysis January 4, 2018

newsbtc
newsbtc
1 year ago
1 min read
ethbtc

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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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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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