Ethereum Analysis January 4, 2018

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 was a bit choppy during the trading session on Wednesday, as we approach the $900 region. There is plenty of support below to keep the market higher though, so on dips I believe that Ethereum offers value, and that we will continue to see a “buy on the dips” mentality. Longer-term, the target is $1000, but it’s going to take a while to get there.

ETH/BTC

Ethereum was flat during the trading session on Wednesday after initially falling. The market looks as if it is trying to continue to go to the upside, and we are currently right in the middle of the Bollinger bands, suggesting that perhaps we could continue to go higher. With a little bit of artistic license, you can form a nice uptrend that the market is following. Ultimately, I believe that the market will bounce and go looking towards the 0.065 handle.

Thanks for watching, I’ll be back tomorrow.