Ethereum Price Forecast February 26, 2018, Technical Analysis

ETH/USD

Ethereum markets rallied initially during the day on Friday, reaching above the $860 level, and extending to the $880 level. We have rolled over from there, and it looks likely that the market may drift a bit lower from here. More importantly, the Bitcoin markets look as if they are ready to roll over as well, and that could put a certain amount of knock on pressure in this market as well. I think that crypto currencies have had a nice rally as of lately, but on low-volume unfortunately. Ultimately, I think that the market continues to feel the aftermath of the massive breakdown.

ETH/USD Video 26.02.18

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ETH/EUR

Ethereum markets initially tried to break out during the day on Friday but struggled with a 6% gain being as good as it got. The market has rolled over at the €720 level, and I think that the market probably pulls back from here and reach towards the €650 level. Ultimately, I think that Ethereum will continue to struggle as the Bitcoin markets have shown a proclivity to roll over as well. As I record this, we are starting to show signs of exhaustion, perhaps reaching down to the €640 level. This is a market that continues to be very noisy, and I think we are going to have at the very least a bit of a short-term pullback. Otherwise, if we do rally I think that we have even more resistance at the €800 level.

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