Ethereum Analysis December 19, 2107
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Ethereum Analysis December 19, 2107

THELOGICALINDIAN - ETHUSD

Ethereum continues to go alongside during the trading affair on Monday, but has a slight advancement tilt. Because of this, I accept that the bazaar is activity to abide to acquisition buyers underneath, conceivably sending this bazaar to the upside. I anticipate that accustomed abundant time, the bazaar should again go appear the $800 level, the abutting psychologically important level. It appears currently that there is a massive bulk of abutment abreast the $650 handle.

 

ETH/BTC

Ethereum has been captivation almost able adjoin Bitcoin, trading in a range. I still accept that there is longer-term bottomward pressure, but it appears that in the abbreviate appellation we may go attractive appear the 0.04 level, followed by the 0.045 handle. Because of this, concise buyers ability be admiring but I accept it will alone set up a shorting opportunity.

Thanks for watching, I’ll be aback tomorrow.