Midday update for Ethereum 18-01-2018

Ethereum price traded with clear positivity now after its attempted to break 958.00 level without holding below it, showing that the price is heading to recover on the short term basis, and the price needs to breach 1068.00 to confirm achieving more of the gains on the short term basis, to extend the next target to 1204.00.

Therefore, the bullish trend will be expected for the rest of the day unless the price was under negative pressure to break 958.00 and settles below it, where breaking this level will push the price towards 848.00 then 712.00 before any new attempt to rise.

Expected trading range for today is between 950.00 support and 1200.00 resistance

Expected trend for today: Bullish