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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

ETH/USD and ETH/BTC Technical Analysis May 26, 2017

newsbtc
newsbtc
1 year ago
1 min read
ethbtc

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Hello and welcome to News BTC’s Market Outlook May 26.

ETH/USD

Ethereum continues to skyrocket against the US dollar, breaking the $200 level. However, although this is a very bullish sign if you are not already long of this market, you are best served to wait for some type of pull back. This is because when we do get a pullback, it will be brutal as parabolic markets tend selloff rather quickly. Nonetheless, selling is all but an impossibility.

ETH/BTC

Ethereum did very little during the session on Thursday against Bitcoin as the 0.08 level offers plenty of resistance. Because of this, I’m looking for pullbacks to pick up value in a market that looks bullish, but maybe not as bullish as the ETH/USD pair. After all, crypto currencies in general are doing well, so measuring one against another will be a bit more difficult.

Thanks for watching and see you again on Monday.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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