ETH/USD and ETH/BTC Technical Analysis July 26, 2017

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Hello and welcome to News BTC’s Market Outlook July 26.

ETH/USD

Ethereum fell below the $220 level, showing signs of exhaustion as we reached towards the $200 level. It looks as if crypto currencies in general are falling apart during the day, so therefore I think that the market continues to reach to lower levels, perhaps the $180 level, and then the $160 level.

ETH/BTC

Ethereum continues to be very quiet against Bitcoin, so that being the case it looks like it’s probably best to leave this market alone. In general, crypto currencies are struggling, so the fact that too crypto currencies would do almost nothing against each other is not much of a surprise. I still remain on the sidelines when it comes to this market.

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