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Ethereum quiet during Friday session

50 views · Published 2 March 2018 · 1:23 · Indexed 14 November 2026

Channel: NEWSBTC · 2018 · People & Blogs

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ETH/USD

Ethereum markets did very little on Friday, drifting towards the $860 level as the Americans came on board. Trading in a very tight range, Ethereum seems to be losing interest, as volume has been dropping again. Unless the volume pick some, I think it’s going to be difficult for Ethereum to take off to the upside. I recognize the $900 level above as resistance, and essentially “fair value” between the $800 level for support and the $1000 level for resistance. At this point, there’s no need to be hasty about getting involved.

ETH/EUR

Ethereum markets also fell against the Euro, dropping about 1% by the time the Americans came on board. It looks as if the €725 level is going to continue to be resistance, so I think we are more than likely to see a bit of a pullback from this point. I suspect that the €650 level will offer support, and below there the €600 level. With the lack of volume, it looks as if markets don’t have anywhere to go.

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