Ethereum Analysis January 11, 2018

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ETH/USD

Ethereum markets fell a bit during the trading session on Wednesday initially, reaching down towards the $1200 level, but then bounced to break above $1300 again. It looks likely that the market is going to continue to find buyers, as Ethereum has been a nice and steady rally. I believe there are plenty of places below that offer support, so this is a “buy only” market.

ETH/BTC

Ethereum markets fell initially during the day on Wednesday, reaching towards the 0.09 level for support, but then turned around to bounce and show signs of life yet again. The 0.10 level above should offer psychological resistance, but at this point it looks as if the market is most certainly going to try to break above there. If we do pull back significantly I expect the 0.08 level to be massive support.

Thanks for watching, I’ll be back tomorrow.