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Ethereum Analysis January 26, 2018

ETH/USD

Ethereum markets fell a bit during the trading session on Thursday, as the $1100 level offered a bit of resistance. Low-volume is a concern as we have seen it around the crypto currency markets. Because of this, I believe that we will probably stay somewhat range bound, with $900 offering a bit of a “floor” going forward. Expect choppy and lackluster trading.

 

ETH/BTC

Both of these crypto currencies are essentially doing nothing at the moment, so it makes sense that we continue to drift. I have maintained for several sessions that we are consolidating between the 0.08 level on the bottom, with the 0.10 level offering resistance on the top. I don’t see anything on the chart that tells me this is going to change.

Thanks for watching, see you on Monday.

The post Ethereum Analysis January 26, 2018 appeared first on NewsBTC.

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