Ethereum Analysis January 10, 2018

newsbtc

Last Updated: June 11, 2024 5:03 pm

1 min read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

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

ETH/USD

Ethereum markets initially fell during the trading session on Tuesday, but the 20 SMA on the 4-hour chart continues to offer great dynamic support, as well as the $1100 level. As I look at this chart, it becomes apparent to me that we will eventually try to break above the $1250 level, and go much higher. The strength of this market continues in a very believable and steady manner.

ETH/BTC

Looking at 4-hour charts in the ETH/BTC market, you can see that it shows signs of strength as well. We may be a little overbought at this point, but look at pullbacks as an opportunity to pick up value. Bitcoin has been drifting lower as of late, while Ethereum has been surging. Simple math tells you that this pair needs to go higher.

Thanks for watching, I’ll be back tomorrow.

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.