Ethereum Analysis December 28, 2017

ETH/USDEthereum did almost nothing against the US dollar as we continue to walk around the $750 neighborhood. However, the 20 SMA is starting to turn slightly positive on the 4 hour chart, so I think it’s only a matter of time before we rally. I suspect that there is a massive amount of support near the $650 level, and resistance at the $800 level. If we can break above $800, I think that fresh, new money will flood into the marketplace.
 
ETH/BTCEthereum went sideways against Bitcoin