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Breaking News: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets
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Breaking News: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets

ETH/USD and ETH/BTC Technical Analysis October 4 2017

newsbtc
newsbtc
1 year ago
1 min read
ethusd

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Hello and welcome to News BTC’s Market Outlook October 4.

ETH/USD

Ethereum fell on Tuesday, finding support near the $287.50 level. I think eventually the market will rally significantly, perhaps reaching towards the $305 level. However, currently it looks as if we are trying to build up a bit of a base, so although I am bullish, I recognize that we may get a bit of choppiness in the short term.

ETH/BTC

Ethereum has been very volatile against Bitcoin during the session on Tuesday, showing the 0.069 level as resistance, and the 0.067 level underneath as support. As the market continues sideways, I suspect that the market will probably do almost nothing as we try to build up a bit of a base for a longer-term move to the upside. However, I still prefer Bitcoin overall when it comes to this market.

Thanks for watching, I’ll be back 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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