ETH/USD and ETH/BTC Technical Analysis July 17, 2017

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Hello and welcome to News BTC’s Market Outlook July 17.

ETH/USD

Ethereum fell on Friday, as we continue to see a general malaise in the crypto currency markets. However, I think there is a significant amount of support just below the $180 level, and we are currently consolidating between the $180 level on the bottom, and the $220 level on the top. On a break above the $220 level, I would start buying Ethereum yet again.

ETH/BTC

Ethereum fell against Bitcoin during the day, but continues to find support just above the 0.08 level. Because of this, I believe that it’s only a matter of time before the support comes back into play, but right now I do not see it happening, so I am on the sidelines when it comes to this pair.

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