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cryptocurrency December 20, 2017

ETH/USD

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Ethereum dips initially during the trading session on Wednesday, but bounce enough to reach towards the $830 level. I believe that we are going to continue to go higher, perhaps reaching towards the $875 level again. The buyers returning is a good sign as value hunting continues. Volatility will continue as volume drops ahead of Christmas, but longer-term we should go higher.

ETH/BTC

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Ethereum has gone sideways against Bitcoin over the last 36 hours as we are topping out near the 0.046 level. If we can break down below the 0.044 level, then I would be a seller. Otherwise, we may go looking towards the 0.05 handle above which is a large, round, psychologically significant number.

Thank you for watching, I’ll be back tomorrow.

Source: newsBTC