Ransquawk

The new year undoubtedly belongs to the ripple currency, which has almost vertical increases. The ethereum is also doing quite well, which as the second this year which reached new historical maxima. Therefore, we have confirmation of the upward trend. Currently, in my opinion, the price is a bit too high, so we should expect a correction that will give as the opportunity to enter the market at a better price.

Picture 1. Technical analysis,ethereum,H1,4.1.2018

At the moment the best level to rejoin to the current trend is around 850 USD, where the last broken maxima are located. A deeper correction assumes an attack on a support level of 100 USD lower.

Picture 2. Technical analysis, ethereum, D1.4.2018

Due to the lack of historical quotations, the next target level for the buyer is currently the round level of 1,000 USD.

Risk Warning: The contents of this analysis is for informational purposes only and does not constitute investment advice.

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