Hello and welcome to News BTC’s Market Outlook June 28.
The Ethereum market fell significantly during the day again on Tuesday, as we continue to test the $220 level. I still believe that the $200 level is very significant, and that’s an area where the market will certainly be paying attention to due to the large, round, psychologically significant number. Some type of supportive candle or a bounce is what I am looking for, and then I would start buying.
Ethereum fell against Bitcoin as well, reaching towards the 0.09 level. That area looks very likely to be support, as I believe that the 0.09 level is the bottom of the support that starts at the 0.10 level. If we can break down below the 0.09 level, then I think the market goes down to the 0.08 level rather quickly. Otherwise, we could find support in this area, just as in the ETH/USD pair.
Thanks for watching, we’ll see you again tomorrow.