ETH/USD and ETH/BTC Technical Analysis June 28, 2017




Hello and welcome to News BTC’s Market Outlook June 28.

ETH/USD

The Ethereum market fell significantly during the day again on Tuesday, as we continue to test the $220 level. I still believe that the $200 level is very significant, and that’s an area where the market will certainly be paying attention to due to the large, round, psychologically significant number. Some type of supportive candle or a bounce is what I am looking for, and then I would start buying.

ETH/BTC

Ethereum fell against Bitcoin as well, reaching towards the 0.09 level. That area looks very likely to be support, as I believe that the 0.09 level is the bottom of the support that starts at the 0.10 level. If we can break down below the 0.09 level, then I think the market goes down to the 0.08 level rather quickly. Otherwise, we could find support in this area, just as in the ETH/USD pair.

Thanks for watching, we’ll see you again tomorrow.

Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources. NewsBTC does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.

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