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Breaking News: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets
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Breaking News: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets

Ethereum Analysis January 12, 2018

newsbtc
newsbtc
1 year ago
1 min read
ethusd

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ETH/USD

Ethereum has rolled over slightly against the US dollar during the trading session on Thursday, breaking below the $1200 level again. However, I think that the market has plenty of support underneath, and it’s only a matter of time before the buyers get involved. I think there is a hard “floor” at the $1000 level as well. From bounces to take advantage of an oversold condition on the stochastic oscillator just below on the chart.

 

ETH/BTC

Ethereum has pulled back against Bitcoin, which of course is no surprise as the market had approached a vital level in the form of the 0.10 handle. There is plenty of support below, and at this point I’m waiting for some type of bounce to start getting involved again. I suspect we may need to see the market drift a little bit lower over the next 24 hours to provide that value.

Thanks for watching, I’ll be back on Monday.

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Comments 1

  1. Dave Christian says:
    8 years ago

    Looking to take this one for a ride this year for sure.

    Reply

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Comments 1

  1. Dave Christian says:
    8 years ago

    Looking to take this one for a ride this year for sure.

    Reply

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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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