Ethereum Price Forecast February 26, 2018, Technical Analysis
ETH/USD
Ethereum markets rallied initially during the day on Friday, reaching above the $860 level, and extending to the $880 level. We have rolled over from there, and it looks likely that the market may drift a bit lower from here. More importantly, the Bitcoin markets look as if they are ready to roll over as well, and that could put a certain amount of knock on pressure in this market as well. I think that crypto currencies have had a nice rally as of lately, but on low-volume unfortunately. Ultimately, I think that the market continues to feel the aftermath of the massive breakdown.
ETH/USD Video 26.02.18
Get Into Ethereum Trading Today
ETH/EUR
Ethereum markets initially tried to break out during the day on Friday but struggled with a 6% gain being as good as it got. The market has rolled over at the €720 level, and I think that the market probably pulls back from here and reach towards the €650 level. Ultimately, I think that Ethereum will continue to struggle as the Bitcoin markets have shown a proclivity to roll over as well. As I record this, we are starting to show signs of exhaustion, perhaps reaching down to the €640 level. This is a market that continues to be very noisy, and I think we are going to have at the very least a bit of a short-term pullback. Otherwise, if we do rally I think that we have even more resistance at the €800 level.
This article was originally posted on FX Empire
More From FXEMPIRE:
S&P 500 forecast for the week of February 26, 2018, Technical Analysis
DAX Index forecast for the week of February 26, 2018, Technical Analysis
Gold forecast for the week of February 26, 2018, Technical Analysis
GBP/JPY forecast for the week of February 26, 2018, Technical Analysis
Alt Coins forecast for the week of February 26, 2018, Technical Analysis