ETH/USD and ETH/BTC Technical Analysis July 19, 2017

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Hello and welcome to News BTC’s Market Outlook July 19.

ETH/USD

The Ethereum market initially fell during the day against the US dollar on Tuesday but found enough support at the $180 level to turn around and form a hammer. A break above the $200 level would be a bullish sign, and should continue to bring more buyers into the marketplace.

ETH/BTC

The Ethereum market fell slightly against Bitcoin, as we continue to see sideways momentum. The 0.08 level below should be supportive, and that being the case, I think that the market will eventually find the buyers to get into the market. If we can break above the 0.10 level, it becomes a longer-term buy signal. In the meantime, it looks as if we are going to continue the accumulation phase.

Thanks for watching, we’ll see you again tomorrow.