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Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans
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Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans

ETH/USD and ETH/BTC Technical Analysis October 6 2017

newsbtc
newsbtc
1 year ago
1 min read
ethusd

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Hello and welcome to News BTC’s Market Outlook October 6.

ETH/USD

Ethereum fell initially on Thursday but found enough support near the $286 level to turn around and reach towards the $295 level. This is a very supportive move, and I think it’s only a matter of time before we break towards the $300 level, and then beyond that to the upside. I don’t have any interest in shorting, I believe that there is plenty of support to go forward.

ETH/BTC

Ethereum initially went sideways on Thursday, but then fell against Bitcoin to reach towards the 0.068 level. There is a bit of support here, so I would anticipate that we should see a little bit of a bounce, but Bitcoin has taken off to the upside against other currencies during the day, so I suspect that any rally at this point will be somewhat muted.

Thanks for watching, see you again on Monday.

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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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