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.
