BREAK. FOR IMMEDIATE RELEASE CONCERNING ETHEREUM INVESTORS AND TRADERS
News has just been released by AbacusJournal.com that according to their sources, Goldman Sachs is exploring Ethereum Futures. This would keep the Investment Bank ahead of all their competitors who are only interested in Bitcoin Futures, including the soon to be released BAKKT on the 12th December 2018.
It is believed that the product may be Ethereum and a non-deliverable forward, this is when the contract is settled between the difference of the contracted and the current spot price.
Their sources who currently remain anonymous stress the importance of Ethereum. It is heavily believed internally that Ethereum is the one to hold alongside Bitcoin. At least that is what they have been telling their clients.
One of their sources go as far as stating that the “Ethereum NDF will happen”
Where does Nouvive see Ethereum going based on this news?
- Ethereum over the past 1 Week has been unable to see above $205.
- ETH is currently resting on below the 15 Moving average.
- A spike for the OBV over the past 12 hours coincides with the increase of Buy Side Volume, this could be enough to see ETH over $202.
- Volume is well below the 90D average, indicating a large move will occur shortly.
- RSI Stochastic is appearing to cross over within the next 12 hours – representing bullish news.
- The market has reacted this, attempting to break out of $200 – currently being suppressed.
- Short-term time frames illustrate heavy buy side volume based on this news.
Nouvive has renewed forecasts on Ethereum to a BUY.
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