Posted on 1 Comment

Ethereum analysis: Market Outlook For the Rest of 2018

Ethereum analysis for today is shown on a 6 hour time frame. A logarithmic scale used in conjunction chart pattern analysis shows the bearish price channel in Ethereum from January 13, 2018 to current date.

Ethereum price analysis, Ethereum price analysis, Ethereum technical analysis today

Price closed below the channel for the first time on November 24, 2018, followed by consolidation, and further sell off in Ethereum. Earlier entry into the bearish trade in Ethereum was provided here.

Price action from December 7, 2018 to December 15, 2018 is interpreted as a double bottom chart pattern (ideally bullish) that led to the current bullish price swing in Ethereum.

The dotted green line marks the immediate bearish trend line in Ethereum and a break above the line is considered a bullish signal (i.e. price closing above ~$172.99).

Strategies that involve buying on a breakout above the upper limit of the bearish channel (~$270.74) are considered more conservative than long positions entered on a break above $172.99.

Sign up now  for full access to our premium research and analysis to learn more about  Ethereum analysis , price prediction, other Cryptocurrencies and Foreign Exchange (FX) pairs.

1 thought on “Ethereum analysis: Market Outlook For the Rest of 2018

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.