Hello and welcome to News BTC’s Market Outlook July 12.
ETH/USD
Ethereum had a rough start to the Tuesday session, but found buyers near the $170 level. In fact, we found enough buyers that we turned around and bounced over the $200 handle. Because of the action, it looks like the buyers are coming back in. On a break above the $222 level, that should signal a fresh new wave of buying.
ETH/BTC
Ethereum did much the same against Bitcoin, as it looks as if the 0.0750 level has offered enough support to turn the market around again. On a break above the 0.09 level, the market looks as if it should attract more buying, based upon a value proposition. Expect volatility, but it looks as if support has finally returned.
Thanks for watching, we’ll see you again tomorrow.