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

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

ETH/USD

Ethereum rallied against the US dollar during the session on Thursday, breaking above the $60 level. We are now free to go much higher. Pullbacks at this point should offer value, and the $60 level now should be the beginning of fairly significant support. I have no interest in shorting, and believe that it there and will continue to go much higher.

ETH/BTC

Ethereum rallied against Bitcoin, reaching the 0.05 area before pulling back slightly. The market looks bullish, and I believe that short-term pullbacks will continue to offer short-term buying opportunities as Ethereum has been showing quite a bit of strength against other currencies as of late.

Thanks for watching and see you again Monday.