ETH/USD and ETH/BTC Technical Analysis October 11 2017

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Hello and welcome to News BTC’s Market Outlook October 11.

ETH/USD

Ethereum rolled over during the trading session on Tuesday, reaching towards the $285 level. We continue to bounce around the $300 level, but given enough time I believe that we will go above the $320 level and continue the uptrend. However, we were to break down below the $280 level, we will probably go looking for support closer to the $250 level.

ETH/BTC

Ethereum continues to fall against Bitcoin, reaching the 0.06 level during the trading session on Tuesday. At this point, selling rallies will probably make the most sense when it comes to trading this market, which although I do like Ethereum in general, Bitcoin seems to be much stronger.

Thanks for watching, I’ll be back tomorrow.