ETH/USD and ETH/BTC Technical Analysis October 19th, 2017

Avatar newsbtc 2 years ago

ETH/USD

Ethereum fell again on Wednesday, as we continued to drift lower. We are below the $300 level, and I think that is somewhat significant, but I believe it’s only a matter of time before the buyers come back. The $300 level of course is a large, round, psychologically significant number, so it’s possible that we start to see buyers jump back into the market. If they do, I am willing to buy this pair above the $310 level.

ETH/BTC

Oddly enough, Ethereum has held its own against Bitcoin during the last couple of sessions, as we are dancing around the 0.057 level. Because of this, I suspect that the market is ready to go sideways for some time, perhaps offering back and forth trading at best.

Thanks for watching, a be back tomorrow.

Tags: BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Nexo

Instant Crypto Credit Lines™ from only 5.9% APR - unlock your crypto-wealth tax-efficiently, without selling it. Earn up to 8% interest per year on your Stablecoins, USD, EUR & GBP. $100 million custodial insurance.

Ad
Show comments