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Ethereum Analysis December 18, 2017


ETH/USD

The Cryptocurrency News Group Ethereum Analysis December 18, 2017

Ethereum initially fell during the trading session on Friday, testing the vital $600 level. We have rallied significantly since then, so it looks as if this market is going to continue to be a “buy on the dips” situation. I believe that eventually we will go looking towards the $700 level, and that of course the $800 level after that. A breakdown below $600 could send this market down to $500.

 

ETH/BTC

The Cryptocurrency News Group Ethereum Analysis December 18, 2017

Ethereum broke down against Bitcoin, and now that we are below the 0.04 level, and of course Bitcoin is rallying significantly, I believe that this market will continue the downward trajectory, perhaps reaching as low as the 0.025 level underneath.

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