Ethereum initially fell against the US dollar but found enough support at the $240 level to turn around and form a slightly positive candle. Because of this, looks as if the buyers are underneath and willing to take advantage of dips as they offer support. The $240 level looks to be very interesting in general, and I believe that the markets should continue to find buyers on dips to that region. The $260 level above offers resistance, but it seems as if it is only a matter of time before we break above there.
Ethereum did very little against Bitcoin during the session on Thursday, but found support below yet again. It looks as if we are trying to build up enough momentum to go higher, and go hunting towards the 0.1050 level. I believe the dips continue to offer value, and the buyers are ever present and willing to get involved in a market that has been extraordinarily bullish over the last several weeks.
Thanks for watching, I’ll see you again tomorrow.