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

ETH/USD

The Ethereum market fell slightly during the session on Wednesday, breaking below the 260 level. However, there is enough support underneath that the $240 level to keep the market afloat as far as I can see, so I believe that buying small positions will probably be the best way to go going forward. Eventually, I expect to see Ethereum break above the $300 level, and continue to go much higher. I look at this is an accumulation phase.

ETH/BTC

Ethereum went back and forth during the session on Wednesday, hovering just above the 0.10 level. A bounce from here makes a lot of sense, and I believe that we will eventually start going back to the 0.1250 level. The market is in an uptrend, and as a result I believe that it’s only a matter of time before we go much higher.

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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