ETH/USD and ETH/BTC Technical Analysis July 11, 2017

newsbtc

Last Updated: June 11, 2024 1:22 pm

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 July 11.

ETH/USD

Ethereum rolled over during the Monday session, reaching towards the $222 level. It now looks as if we may go looking for $200 underneath, which should be much more supportive due to the large, round, psychologically significant nature of that level. In the meantime, it’s probably best to step away.

ETH/BTC

Ethereum is testing the 0.09 level against Bitcoin, which should be supportive. However, we have not seen a bounce yet so it’s likely that the market may need to take the next day or so to stabilize. If we do breakdown below the 0.09 level, I think the market will then go looking for support near the 0.08 level after that. I’m not willing to sell, I just don’t think that it’s time to buy.

Thanks for watching, 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.