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Breaking News: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing
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Breaking News: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing

ETH/USD and ETH/BTC Technical Analysis Aug 17, 2017

newsbtc
newsbtc
1 year ago
1 min read

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Hello and welcome to News BTC’s Market Outlook Aug 17.

ETH/USD

Ethereum exploded to the upside during the session on Wednesday, breaking above the $300 level. By doing so, we have cleared a bit of a psychological hurdle and it now looks as if pullbacks could offer nice buying opportunities. A break above the $305 level would be extraordinarily bullish, and should send this market even higher.

ETH/BTC

Ethereum didn’t fare so well against Bitcoin though, as the 0.74 level offered a significant amount of bearish pressure. It now looks as if the market is probably going to continue to grind sideways overall with a slightly upward bias. Ultimately, I prefer to buy Ethereum against the US dollar over the ETH/BTC pair.

Thank you for watching, I’ll see you again 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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