ETH/USD and ETH/BTC Technical Analysis September 27th 2017

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

ETH/USD

Ethereum initially dipped on Tuesday, but found enough support near the $288 level to turn around and show signs of support. That being the case, looks likely that we will continue to see buyers come in to the market based upon value on these pullbacks. I like buying pullbacks as an opportunity to take advantage of what will almost certainly be value. Ultimately, I believe that Ethereum will continue to reach towards the $300 level, and if we can break above that level, is very likely that we will continue to go much higher.

ETH/BTC

Ethereum continues to fall against the Bitcoin crypto currency, but I think there is support just below. Quite frankly, I like Bitcoin better than Ethereum for value, so although I wouldn’t necessarily sell this market, I don’t necessarily want to buy it either. It’s probably best to sit on the sidelines when it comes to the ETH/BTC market.

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