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Breaking News: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing

ETH/USD and ETH/BTC Technical Analysis July 31, 2017

newsbtc
newsbtc
1 year ago
1 min read
ethbtc

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Hello and welcome to News BTC’s Market Outlook July 31.

ETH/USD

Ethereum markets fell slightly against the US dollar on Friday, slicing through the $200 level. It now looks as if we are going to pull back a bit further, and I anticipate that we should see support near the $180 level, and most certainly near the $160 level. Alternately, if we break above the highs from the Wednesday session, that could send this market looking towards the $240 level.

ETH/BTC

As this market has essentially been “dead money” over the last week, it’s not surprising that we broke down a bit. We are now just below the 0.07 level, and it looks likely that we will probably drift towards the 0.06 handle where I would expect to see more support. In the meantime, it looks like Bitcoin is preferred over Ethereum.

Thanks for watching, we’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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