News BTC Ethereum Analysis December 13, 2017
542 views · Published 12 December 2017 · 1:13 · Indexed 23 October 2026
Channel: NEWSBTC · 2017 · Science & Technology
ETH/USD Ethereum broke out over the last day, clearing the $500 level. It now looks to go parabolic and race towards the $600 level, which is the extension of a measured move from the previous rectangle. $600 should offer resistance, so look for a pullback at that point. $500 should be support going forward. ETH/BTC Ethereum continues to rally against Bitcoin, but as I stated yesterday, the 0.035 level is offering resistance. At this point, it looks likely that a pullback could happen, but a move above that level sends this pair looking for the 0.04 level above which is of course psychological resistance. Thanks for watching, I’ll be back tomorrow.
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