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News BTC Ethereum Analysis December 20, 2017

646 views · Published 19 December 2017 · 1:05 · Indexed 8 November 2026

Channel: NEWSBTC · 2017 · Science & Technology

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Ethereum markets rallied initially during the day on Tuesday, reaching as high as $875. However, we had a significant selloff based upon volume later in the day, but found enough bullish pressure to turn things around and rally a bit. Because of this, I believe that the market is going to go looking to break above the $875 handle, and extend its reach towards the $900 level. Buying on the dips continues to be the best way going forward.

ETH/BTC

Ethereum rallied significantly against Bitcoin during the day on Tuesday, as Bitcoin sold off in general. We have made a fresh, new high, and that of course is the very essence of a potential uptrend. Because of this, I believe in buying on the dips, but I also recognize that eventually, Bitcoin will start to take off to the upside again. Alt coins in general have been very strong.

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