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Cryptocurrency Analysis: Ethereum Holds Strong amid Broad Correction

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Cryptocurrency Analysis: Ethereum Holds Strong amid Broad Correction

Introduction

This article was posted on Monday, 20:47, UTC.

The crypto-coin market is very active today, as yesterday’s string of break-outs and pull backs triggered volatility in the majors and the small cap coins as well. Ethereum’s surge reached as high as $400 in early trading, but the decline in Bitcoin “infected” the other coins during the US session. As we noted in our long-term outlook, both BTC and ETH are in overbought territory, and that could mean that a consolidation period or a deeper correction is in the works. Bitcoin BTC/USD, 4-Hour Chart Analysis Bitocoin’s sell-off accelerated after it broke the swing low at $2600 but it bounced…

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Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

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