ETH/USD and ETH/BTC Technical Analysis September 1 2017

newsbtc

Last Updated: June 11, 2024 1:22 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 September 1.

ETH/USD

Ethereum went sideways most of the session on Thursday, but found enough buying pressure near the $380 level to turn around and rally. I believe that the market is going to continue to go higher, probably looking for the psychologically significant $400 level. That area could cause a little bit of resistance, but I think it will be short-term at best. Given enough time, I believe that the markets will continue to favor buying, and dips should offer value.

ETH/BTC

Ethereum fell against Bitcoin as it has been a strong performer during the day. I still believe that although Ethereum is a strong performer against the US dollar, against Bitcoin itself it’s going to struggle overall. I believe that the market will continue to underperform although it could be very bullish.

Thanks for watching, I’ll be back Monday.

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.