Hello and welcome to News BTC’s Market Outlook July 6.
The Ethereum market fell slightly during the session on Wednesday, breaking below the 260 level. However, there is enough support underneath that the $240 level to keep the market afloat as far as I can see, so I believe that buying small positions will probably be the best way to go going forward. Eventually, I expect to see Ethereum break above the $300 level, and continue to go much higher. I look at this is an accumulation phase.
Ethereum went back and forth during the session on Wednesday, hovering just above the 0.10 level. A bounce from here makes a lot of sense, and I believe that we will eventually start going back to the 0.1250 level. The market is in an uptrend, and as a result I believe that it’s only a matter of time before we go much higher.
Thanks for watching, we’ll see you again tomorrow.