news & articles

Your go to place to stay updated with the latest news and fun articles from the finance and crypto worlds.

ALERTS | ICOS | STOCKS | CRYPTOS | OPINIONS

© Copyright GGG Inc.

The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. All Content on this site is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto.

Ethereum Analysis January 25, 2018

ETH/USD

Ethereum rose slightly during the day on Wednesday as the crypto currency markets have gotten a bit of a reprieve. Regardless, one thing that I am concerned about is the lack of volume that we are seeing. Because of this, I don’t necessarily trust the move higher, but I do recognize that if we break to a fresh, new high, extensively clearing the $1125 level, then buying is the only thing that can be done. I need to see more volume to be convinced otherwise.

ETH/BTC

Ethereum continues to go sideways against Bitcoin, which of course isn’t a surprise, considering both currencies have struggled as of late. We are still consolidating between the 0.08 level on the bottom, and the 0.10 level on the top. Until that changes, range bound trading is about as good as it gets, and quite frankly the last couple of weeks haven’t been worth being bothered with. Until one of the currencies makes a major breakout against the US dollar, expect more of the same.

Thanks for watching, I’ll be back tomorrow.

The post Ethereum Analysis January 25, 2018 appeared first on NewsBTC.

No Comments

Post A Comment