Ethereum Analysis January 5, 2024
technical analysis

Ethereum Analysis January 5, 2024

THELOGICALINDIAN - ETHUSD

Ethereum continues to bullwork higher, as it looks acceptable to ability appear the $1000 akin over the abutting several days. Because of this, I accept that the markets will abide to acquisition buyers on dips, as the large, round, psychologically cogent cardinal is far too appetizing of a target. I accept that it is not until we breach bottomward beneath the $800 akin that you should anguish about the uptrend.

 

ETH/BTC

Ethereum rallied adjoin Bitcoin as well, and it looks as if the markets are starting to favor Ethereum overall. The bazaar looks acceptable to go attractive appear the 0.07 handle above, and I anticipate dips abide to be accurate at the 0.06 akin below.

Thanks for watching, I’ll see you tomorrow.