ETH/USD and ETH/BTC Technical Analysis December 4 2017

Hello and welcome to News BTC’s Market Outlook December.

ETH/USD

ethusd

Ethereum had a very volatile session during the trading session on Friday, but eventually settled on going bullish. We broke to the $460 level, and have pulled back slightly on the hourly chart. However, I think it’s only a matter of time before we break above $460 again, and continue to rally slightly. Because as though, we have had a vicious selloff recently, so there is going to be a lot of fear in the market.

ETH/BTC

ethbtc

Ethereum fell against Bitcoin yet again, and as I said yesterday, I believe the market is going to continue to grind towards the 0.04 level underneath. Any rally at this point should be a selling opportunity, until of course we can break above the 0.045 handle, something that I don’t expect to see.

Thank for watching, I’ll be back tomorrow.

Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources. NewsBTC does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.

LEAVE A REPLY

Please enter your comment!
Please enter your name here