Hello and welcome to News BTC’s Market Outlook September 25.
ETH/USD
Ethereum markets initially tried to rally during the session on Friday but found enough resistance near the $270 level to turn around. Nonetheless, I think there is a significant amount of support down to at least the $240 level, so I’m looking for some type of bounce or an impulsive candle to start buying. Given enough time, I believe that Ethereum does turn around.
ETH/BTC
Ethereum went sideways against Bitcoin during the session on Friday, as the 0.0725 level looks to be resistive. I think there is resistance going as high as 0.074, so I’m on the sidelines when it comes to this pair, because I like both crypto currencies longer term. There is no sense in fighting each other when you can just buy them both against fiat currency such as the US dollar.
Thanks for watching, I’ll see you again tomorrow.