ETH/USD and ETH/BTC Technical Analysis September 22 2017

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Hello and welcome to News BTC’s Market Outlook September 22.

ETH/USD

Ethereum continues to grind sideways overall as crypto currencies have been quiet lately. This makes a lot of sense though, because quite frankly the shakeup in the crypto currency markets demand that stability comes back. That’s exactly what we are seeing, so I think it’s only a matter of time before the buyers return and send this market above the $300 level. Ultimately, a pullback from here should be a buying opportunity, and I believe that selling is all but impossible.

ETH/BTC

Ethereum has been rallying slightly against Bitcoin, but in a very choppy and methodical manner. Do not expect explosive moved here, but we could grind back towards the 0.075 level. Overall, I prefer to buy both Ethereum and Bitcoin against the US dollar, especially considering we had seen such strength in the Forex markets yesterday, but the crypto currencies barely moved. That shows strength against the US dollar more than anything else.

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