ETH/USD and ETH/BTC Technical Analysis April 25, 2017

newsbtc

Last Updated: June 11, 2024 1:29 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 April 25.

ETH/USD

Ethereum tried to rally during the day on Monday, but struggled to hang on to gains. Because of this, it looks as if the $55 level will continue to be an issue. A breakdown below the bottom of the range for the day could send Ethereum down to the $52 handle, perhaps even the $50 level. A break above the top of the candle for the session on Monday should have this market looking for the $58 level above.

ETH/BTC

Ethereum gained slightly against Bitcoin, but you can see we have had a very tight market as of late. With the recent surge higher, I still must believe that the market is going to favor the upside, although it is obviously going to be more of a grind than anything else. Short-term pullbacks could be buying opportunities, as the market looks set to reach towards the 0.04500 level above, and perhaps higher than that. Nonetheless, this will be a grind more than anything else.

Thanks for watching and 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.