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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.

The post Ethereum Analysis December 11, 2017 appeared first on NEWSBTC.

Sec subpoenas another firm following claimed blockchain pivot

SEC Subpoenas Another Firm Following Claimed Blockchain Pivot

SEC Subpoenas Another Firm Following Claimed Blockchain Pivot Long Blockchain, the beverage maker that made headlines last year when its stock surged following a pivot to blockchain and a related name-change, has been subpoenaed by […]