ETH/USD and ETH/BTC Technical Analysis July 12, 2017

Hello and welcome to News BTC’s Market Outlook July 12.

ETH/USD

Ethereum had a rough start to the Tuesday session, but found buyers near the $170 level. In fact, we found enough buyers that we turned around and bounced over the $200 handle. Because of the action, it looks like the buyers are coming back in. On a break above the $222 level, that should signal a fresh new wave of buying.

ETH/BTC

Ethereum did much the same against Bitcoin, as it looks as if the 0.0750 level has offered enough support to turn the market around again. On a break above the 0.09 level, the market looks as if it should attract more buying, based upon a value proposition. Expect volatility, but it looks as if support has finally returned.

Thanks for watching, we’ll see you again tomorrow.