Hello and welcome to News BTC’s Market Outlook June 2.
ETH/USD
Ethereum markets rallied slightly during the session on Thursday, as we continue to hover near the $220 handle. The market looks poised to go higher, but we may need to consolidate in the short term in order to build up enough momentum to do so. The $200 level below should begin a significant amount of support.
ETH/BTC
Ethereum fell during the day against Bitcoin, as we are looking to find support below. I suspect that it’s probably somewhere near the 0.0850 level, and on signs of a bounce or supportive candle, I also suspect that there will be buyers jumping into the marketplace to take advantage of what has obviously been a very strong uptrend. I have no interest in selling.
Thanks for watching and 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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