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Ethereum Analysis December 11, 2017
ETH/USD
Ethereum rallied rather significantly during the trading session on Friday, reaching as high as $450, but ran into significant resistance. As we consolidate between the $425 on the bottom, and $450 on the top of the short-term range, I suspect we are going to continue to see choppy conditions. I do however feel that Ethereum will continue to strengthen longer term. Use these dips as potential buying opportunities.
ETH/BTC
With the world focusing on the volatility and bitcoin, it’s not a surprise that this market rallied significantly during the trading session, but then rolled over again. The downtrend is very much intact, and at this point I think we are going to revisit the lows. The 0.03 level has in fact held as massive resistance as we thought it could yesterday.
[youtube https://www.youtube.com/watch?v=WL-Bgc4ap9s?feature=oembed&w=660&h=371]
Thanks for watching, see you again next time.
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