Ethereum fell initially during the trading session on Thursday, reaching towards the $675 level before bouncing. It looks as if we are ready to rally though, and I think the market is probably going to go looking towards the $770 level above. A break above the $775 level opens the door to $800 next. If we do fall from here, I expect to see massive support at the $600 handle.
Ethereum continues to fight against Bitcoin which of course has been a bit soft. I think we are currently testing a range, meaning we could rise to the 0.053 level, but anything beyond that is probably expecting a bit too much during the holiday season. Look at the 0.045 level as massive support.
Thanks for watching, I’ll be back tomorrow.
This article was curated from Google News. You can read the original article here.