Ethereum Analysis January 4, 2024
technical analysis

Ethereum Analysis January 4, 2024

THELOGICALINDIAN - ETHUSD

Ethereum was a bit inclement during the trading affair on Wednesday, as we access the $900 region. There is affluence of abutment beneath to accumulate the bazaar college though, so on dips I accept that Ethereum offers value, and that we will abide to see a “buy on the dips” mentality. Longer-term, the ambition is $1000, but it’s activity to booty a while to get there.

 

ETH/BTC

Ethereum was collapsed during the trading affair on Wednesday afterwards initially falling. The bazaar looks as if it is aggravating to abide to go to the upside, and we are currently appropriate in the average of the Bollinger bands, suggesting that conceivably we could abide to go higher. With a little bit of aesthetic license, you can anatomy a nice uptrend that the bazaar is following. Ultimately, I accept that the bazaar will animation and go attractive appear the 0.065 handle.

Thanks for watching, I’ll be aback tomorrow.