Ethereum Analysis December 5, 2017

ETH/USDEthereum continues to look relatively flat against the US dollar, while at the same time Bitcoin has been rallying. Because of this, I think that we are essentially stuck in a range between $450 level on the bottom, and $500 on the top. However, on the hourly chart we are starting to see the stochastic cross in the oversold area.
 
ETH/BTCEthereum fell against Bitcoin as one would expect looking at how they are both acting against the US dollar during the day on Tuesday. Because of t