Analysis On Ethereum As Crypto Gains Early 2020 Momentum

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About: Ethereum USD (ETH-USD)
by: The Freedonia Cooperative
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The Freedonia Cooperative
Tech, currencies, Bitcoin, cryptocurrencies
Summary

ETH has gone up over 30% in price in January alone, moving from $130 to over $170, with momentum in crypto overall.

ETH optimism has been driven by technical updates as well as macro environmental factors driving interest and volume in crypto.

ETH looks bullish in the short-term, potentially continuing to ride this wave with stagnation in the long-term.

Still, if ETH can break resistance points, a potential high price point is set at $380.

The outbreak of the coronavirus infection, which has spread to several countries, has spooked global stock and commodity markets very badly. Monday January 27, 2020, was a particularly bad day for the stock markets and