Hello and welcome to News BTC’s Market Outlook December.
Ethereum had a very volatile session during the trading session on Friday, but eventually settled on going bullish. We broke to the $460 level, and have pulled back slightly on the hourly chart. However, I think it’s only a matter of time before we break above $460 again, and continue to rally slightly. Because as though, we have had a vicious selloff recently, so there is going to be a lot of fear in the market.
Ethereum fell against Bitcoin yet again, and as I said yesterday, I believe the market is going to continue to grind towards the 0.04 level underneath. Any rally at this point should be a selling opportunity, until of course we can break above the 0.045 handle, something that I don’t expect to see.
Thank for watching, I’ll be back tomorrow.
The post ETH/USD and ETH/BTC Technical Analysis December 4 2017 appeared first on NEWSBTC.