Ethereum Analysis January 10, 2018

Ethereum markets initially fell during the trading session on Tuesday,  but the 20 SMA on the 4-hour chart continues to offer great dynamic  support, as well as the $1100 level. As I look at this chart, it becomes  apparent to me that we will eventually try to break above the $1250  level, and go much higher. The strength of this market continues in a  very believable and steady manner. 

 ETH/BTC

 ooking at 4-hour charts in the ETH/BTC market, you can see that it shows  signs of strength as well. We may be a little overbought at this point,  but look at pullbacks as an opportunity to pick up value. Bitcoin has  been drifting lower as of late, while Ethereum has been surging. Simple  math tells you that this pair needs to go higher.