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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 19, 2018

newsbtc
newsbtc
1 year ago
1 min read

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ETH/USD

Ethereum rallied a bit during the trading session on Thursday, after bouncing from a significant trend line. It did struggle at the $1100 level from what I see, so having said that I am a bit cautious. If we can break above the $1100 level, then I think we could go bit higher, perhaps as high as $1300 level. The lack of volume continues to be a serious problem, as rallies continue to be very light. Because of this, I am a bit cautious, so I would be very slow to add to any long positions. I suspect that this could be a bit of a “dead cat bounce.”

 

ETH/BTC

Ethereum markets rallied a bit against Bitcoin, but on almost no volume. Because of this, it appears that the market is entering a consolidation phase, somewhere between the 0.08 level on the bottom, and the 0.10 level on the top. Because of this, I think that the market continues its sideways action overall.

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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