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Hello and welcome to News BTC’s Market Outlook July 27.
ETH/USD
Ethereum fell initially during the session on Wednesday but found enough support underneath the $200 level to find buyers. We turned around, and it looks as if we are ready to continue the consolidation just above the $200 level, so more than likely we will see this market looking towards the $225 level in the short term.
ETH/BTC
Ethereum continues to grind sideways against Bitcoin, using the 0.08 level as support. Because of this, although I think the market could very well rally from here, I am staying away as there is no momentum. Currently this appears to be “dead money.”
Thanks for watching, we’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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