ETH/USD and ETH/BTC Technical Analysis September 26 2017

newsbtc

1 year ago

1 min read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Hello and welcome to News BTC’s Market Outlook September 26.

ETH/USD

Ethereum was relatively quiet on Monday, as the crypto currency markets continue to go sideways in general. This is a good sign though, as a quiet market is a market that has no fear. Given enough time, I believe that the market will try to break out above the $300 level. Given that level being broken to the upside, I suspect that the market will continue to go to the $320 level. Ultimately, I think that short-term pullbacks are buying opportunities.

ETH/BTC

Ethereum fell slightly against Bitcoin, testing the 0.075 level for support. The market should find buyers in this general vicinity, but I’m not looking for a big move. I believe that given enough time, this market will go higher, but it’s more of a grind to the upside than anything else. This market should continue to be slightly positive but lacking momentum.

Thanks for watching, I’ll see you again tomorrow.

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.