Ether and Dash go Sideways

Both Ether and Dash ended their uptrends this month. The two cryptocurrencies have been trading sideways during the second half of January but only recently they dipped lower. We haven’t entered a bear market yet but a strong downmove could push us in that scenario.

Ether Ends Uptrend

Ether prices dipped below the 0.01106 swing low last week, thereby ending the relatively brief uptrend. We are back in ‘no mans land’ here. Ether is quoted at 0.01069 at the moment. This is a percentage difference of just under 7% compared to two weeks ago. On the chart below the last 14 days are marked with a yellow rectangle to make it easier to stand out.

Read more: https://blog.fxopen.com/ether-and-dash-go-sideways/