Ethereum Analysis January 17, 2018, Technical Analysis

ETH/USDCrypto currencies are getting pummeled during the trading session on Tuesday again, as Ethereum has reached down to test the $1000 level. If we break down below this level, that will bring in fresh selling, and probably free the market to go down to the $850 level. Alternately, if we can bounce a break above $1200, that is a bullish sign.
 
ETH/BTCEthereum has drifted sideways against Bitcoin, but quite frankly with both currencies looking very susceptible to selling, it makes sense