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News BTC Ethereum Analysis January 9, 2018

325 views · Published 8 January 2018 · 1:04 · Indexed 29 October 2026

Channel: NEWSBTC · 2018 · People & Blogs

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ETH/USD

Ethereum markets tried to rally initially during the trading session on Monday, but the $1200 level has offered far too much in the way of resistance to continue going higher. Because of this, I suspect that the market will probably pull back a bit, finding plenty of support near the $1000 level, if we get that low. Wait for the bounce, and then start buying again.

ETH/BTC

The Ethereum markets tried to rally against Bitcoin as well, but then rolled back just a bit. Longer-term, this is a very strong impulsive move to the upside, so I think that buyers will return on these dips to take advantage of value. Bitcoin is struggling a bit, while Ethereum seems to be hanging a bit tougher. Because of this, I anticipate that this market goes higher.

Thanks for watching, I’ll be back tomorrow.

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