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

newsbtc
newsbtc
1 year ago
1 min read

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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.

 

 

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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