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Breaking News: SoftBank, Ark Invest Among Potential Investors In Tether's $15 Billion Funding Round
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Breaking News: SoftBank, Ark Invest Among Potential Investors In Tether's $15 Billion Funding Round

ETH/USD and ETH/BTC Technical Analysis July 27, 2017

newsbtc
newsbtc
1 year ago
1 min read

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Hello and welcome to News BTC’s Market Outlook July 27.

ETH/USD

Ethereum fell initially during the session on Wednesday but found enough support underneath the $200 level to find buyers. We turned around, and it looks as if we are ready to continue the consolidation just above the $200 level, so more than likely we will see this market looking towards the $225 level in the short term.

ETH/BTC

Ethereum continues to grind sideways against Bitcoin, using the 0.08 level as support. Because of this, although I think the market could very well rally from here, I am staying away as there is no momentum. Currently this appears to be “dead money.”

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

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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.

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