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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 September 6 2017

newsbtc
newsbtc
1 year ago
1 min read
ethusd

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

ETH/USD

Ethereum rallied on Tuesday, recapturing some of the losses from the weekend. However, there seems to be a bit of resistance near the $310 level, so I would wait until we break above the $320 level to try to pick up a long position. Other crypto currencies look as if they could consolidate in current levels, and that makes sense, considering it had been such a brutal selloff. With this in mind, patience will be needed.

ETH/BTC

Ethereum rose slightly during the day on Tuesday against Bitcoin, and if we can break above the 0.075 level, the market could go higher. Until then, I would be a bit hesitant to start buying Ethereum against Bitcoin, as Bitcoin is most certainly the favored currency in normal conditions.

Thanks for watching, I’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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