Ethereum Analysis January 23, 2018
Ethereum rolled over during the day on Monday, as crypto currencies began the week by selling off again. We have broken below the $1000 level, and it looks as if we’re going to go looking towards the uptrend line below, which has a value of roughly $800. At this point, selling Ethereum is all you can do if you’re going to put money to work. A breakdown below the $800 level will send this market much lower.
Ethereum markets went sideways during the day on Monday, bouncing around the 0.09 level. The market continues to consolidate between the 0.08 level on the bottom, and the 0.10 level on the top. Currently, there is not much in the way of volume or price action, so avoiding this market makes sense.
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