This is the price analysis of ETH Ethereum for today, Tuesday, January 23, 2018.
The price shot down by the bear market, Ethereum tries to hold the price above $ 900. The Ethereum price has lost 9.81% in the last 24 hours. A bear market is evident and at the moment there has not been any news that increases the price in the BTC and / or in the market in general, so that it may affect the price of Ether.
Key points in the analysis
Ethereum price decreased recently and was negotiated towards the level of $ 900 against the US dollar.
There is a key bearish trend line that is formed with a $ 1030 resistance on the ETH / USD time chart.
The pair has to move above the resistance of $ 1030 and the simple moving average of 100 hours to obtain an upward traction.
The price of Ethereum decreased some points against the US dollar and bitcoin. ETH / USD is currently being corrected higher, but faces sellers close to the $ 1030 level.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property.
This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.
The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe.