Hello and welcome to News BTC’s Market Outlook May 15.
ETH/USD
Ethereum markets rallied during the day on Friday, as we continue to see support just below at $85. Longer-term traders are certainly building up a position in this area, and I believe that the market is attracted to the $100 level. Ultimately, every time we pull back I think it’s a buying opportunity as the market shows signs of bullish pressure underneath.
ETH/BTC
The Ethereum market rallied a bit during the day on Friday, breaking above the 0.05 level at one point. If we can break above the top of the candle, I believe that the market will then go looking for the 0.06 level above. Either way, I don’t have any interest in selling, and I believe there’s plenty of support below that will continue to attract buyers.
Thanks for watching and see you again tomorrow.
Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources. NewsBTC does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.
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