Hello and welcome to News BTC’s Market Outlook July 17.
ETH/USD
Ethereum fell on Friday, as we continue to see a general malaise in the crypto currency markets. However, I think there is a significant amount of support just below the $180 level, and we are currently consolidating between the $180 level on the bottom, and the $220 level on the top. On a break above the $220 level, I would start buying Ethereum yet again.
ETH/BTC
Ethereum fell against Bitcoin during the day, but continues to find support just above the 0.08 level. Because of this, I believe that it’s only a matter of time before the support comes back into play, but right now I do not see it happening, so I am on the sidelines when it comes to this pair.
Thanks for watching, I’ll 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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