NEWSBTC: Ethereum quiet during session for crypto currencies in general
ETH/USD
Ethereum markets did very little during Monday trading, as we continue to hover around the $860 level. It looks as if the market will continue to see very little in the way of volatility, and it’s not until we clear the $900 level that I think the market can continue to go higher. Ultimately, the $1000 level above is resistance, and I think will take several attempts to break through. In the meantime, pullbacks will probably offer buying opportunities, with the understanding that there is massive support at $800.
ETH/EUR
Ethereum markets continue to go sideways in general, showing signs of lackluster trading. We are currently hovering around the €700 level, but it’s obvious that we have a significant amount of resistance at the €725 level beyond there. I believe that the €600 level underneath is the absolute “bottom” of the overall uptrend, so pullbacks could be necessary to build up momentum over the longer term, and could be thought of as buying opportunities on signs of a bounce.
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