Hello and welcome to News BTC’s Market Outlook Aug 1.
Ethereum fell slightly during the day on Monday, as we continue to bounce around just below the $200 level. It looks likely that the $175 level underneath will continue to be support though, so I would expect a short-term bounce. He either way, I suspect that is probably best to stay out of the market currently.
Ethereum continues to slide against Bitcoin, and it looks very likely to go looking towards the 0.06 level now. Short-term rallies are probably selling opportunities, less of course we can break above the 0.08 level above. If we do, then it becomes a very bullish market but currently it looks as if we have a slightly negative attitude.
Thanks for watching, we’ll see you again tomorrow.