ETH/USD and ETH/BTC Technical Analysis June 21, 2017

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Hello and welcome to News BTC’s Market Outlook June 21.

ETH/USD

Etherium did very little during the session on Tuesday, as we continue to grind sideways overall. As the market hovers around the $360 level, I still believe that the buyers will be targeting $400, but we could get short-term pullbacks in order to build up momentum. Because of this, the market then should offer opportunities from time to time for those of you who are quick enough to take advantage of them.

ETH/BTC

Etherium continues to go sideways against Bitcoin, as we hover around the 0.14 level. Because of this, I would wait for some type of impulsive move before putting money to work. When frankly, the market looks as if it could go in either direction, so this is probably going to be “dead money.”

Thanks for watching, will keep an eye on this and see you tomorrow.