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ETH/USD and ETH/BTC Technical Analysis June 2, 2017

newsbtc
newsbtc
1 year ago
1 min read

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Hello and welcome to News BTC’s Market Outlook June 2.

ETH/USD

Ethereum markets rallied slightly during the session on Thursday, as we continue to hover near the $220 handle. The market looks poised to go higher, but we may need to consolidate in the short term in order to build up enough momentum to do so. The $200 level below should begin a significant amount of support.

ETH/BTC

Ethereum fell during the day against Bitcoin, as we are looking to find support below. I suspect that it’s probably somewhere near the 0.0850 level, and on signs of a bounce or supportive candle, I also suspect that there will be buyers jumping into the marketplace to take advantage of what has obviously been a very strong uptrend. I have no interest in selling.

Thanks for watching and I’ll see you again tomorrow.

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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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