Crypto Screener Forums Ethereum (ETH) Forecast – Technical Analysis Ethereum (ETH) Technical Analysis – January 2018 Reply To: Ethereum (ETH) Technical Analysis – January 2018

#1465
margincall
margincall
Keymaster

Quick update for Ethereum going into the weekend.

ethusd forecast 27 jan 2018
Ethereum has been finding some good support vs the Dollar since the selloff and has formed a symmetrical triangle, which most traders know is a continuation pattern.

However in this situation a break could happen to the topside or to the bottom. We will be patient while the market shows us our next move.

A break below $1000 will most likely result in more sellers stepping in driving the prices lower, we can anything between $700 – $900 should the bears win the battle.

A break above $1100 could signal the bulls to push the prices higher, in which case I would expect a target around $1200 – $1400 if there good price action confirming the breakout.