Hello and welcome to News BTC’s Market Outlook September 11.
Ethereum did very little during the day on Friday, as crypto currencies in general were quiet. We are currently testing the $340 level for resistance, and so far, it has offered that. If we can break above there, then we should go to the $350 level, and higher after that. A breakdown below the $320 level could send this market looking for $300.
Ethereum has drifted a little bit lower during the session, as Bitcoin continues to be favored overall. Ultimately, I believe that the market is going to go looking for the 0.07 level, where I would anticipate a bit of psychological support. However, all things being equal, I believe that this is a market that you sell and not by.
Thanks for watching, I’ll be back tomorrow.