26 Jan Ethereum Analysis January 29, 2018
Ethereum markets fell a bit during the trading session on Friday, as we continue to see softness in the crypto currency markets. The $1100 level is the top of the current trading range, with the $900 level offering support. With this, I suspect that we will drift a little bit lower, but I’m not expecting much considering that there isn’t very much of volume to be found in the crypto currency market.
Ethereum rallied slightly against Bitcoin, but still remains in the consolidation area that we had been in previously. The 0.10 level above offering resistance, while the 0.08 level offers support. I believe that this market continues to go back and forth, showing signs of resiliency, but I think at the end of the day, there isn’t much to do other than scalp back and forth.