Ethereum Price Forecast March 1, 2018, Technical Analysis

ETH/USD

Ethereum markets fell during the trading session on Wednesday, as the US dollar has strengthened due to rising treasury yields, and of course the fact that crypto currency markets are still on somewhat shaky grounds. It looks as if the $900 level above is resistance, but I also see a significant amount of support at the $800 level underneath. I anticipate that we will probably drift a little bit lower, mainly because the daily chart looks likely to form a bit of a shooting star. That of course is a negative sign, but I don’t think that were necessarily looking at some type of imminent meltdown.

ETH/USD Video 01.03.18

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ETH/EUR

Ethereum markets were very noisy during the trading session on Wednesday, and as I record this we are hovering around the €700 level. I think that a breakdown below the €700 level should send this market down to the €660 level. I believe that the €725 level above is resistance, and I think that eventually we will break out above there and reach towards the €800 level. I think that there is a lot of noise, especially considering that the currency markets have been so noisy with the EUR/USD pair going back and forth so rapidly during the day. I think we will continue to find buyers underneath though, so it’s only a matter of time before the buyers take over again. I believe that the €650 level is a nice epicenter for buying, if we get some type of bounce. Otherwise, we can break above the €725 level, I’d be a buyer there as well.

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