Ethereum Analysis January 17, 2018, Technical Analysis

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Last Updated: June 11, 2024 9:03 pm

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ETH/USD

Crypto currencies are getting pummeled during the trading session on Tuesday again, as Ethereum has reached down to test the $1000 level. If we break down below this level, that will bring in fresh selling, and probably free the market to go down to the $850 level. Alternately, if we can bounce a break above $1200, that is a bullish sign.

ETH/BTC

Ethereum has drifted sideways against Bitcoin, but quite frankly with both currencies looking very susceptible to selling, it makes sense that we won’t see much action in this market. I believe that the 0.10 level above needs to be broken for the buyers to reenter, otherwise we are going back to the 0.08 level.

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