ETH/USD Ethereum markets drifted lower during the trading on Wednesday, as the $900 level has offered a bit of resistance. We ended up forming a shooting star on Tuesday, and it looks as if Wednesday will do very much the same thing. I believe that the market will reach down towards the $800 level, the bottom of the Bollinger Bands on the daily chart. I believe that a breakdown below $800 sends this market looking for $700 after that. Above, I see the $1000 level as the temporary “ceiling” in the market. ETH/EUR Ethereum markets also struggled against the Euro to find momentum. The €700 level has been a bit of a focal point lately, as we have been consolidating between the €600 level underneath, and the €800 level above. I think that the market continues to bounce around in this €200 range, so at this point we are looking at the possibility of drifting down towards the €600 level, but as we are essentially at “fair value”, it might be best to avoid trading Ethereum against the Euro at the moment.