Hello and welcome to News BTC’s Market Outlook September 26.
ETH/USD
Ethereum was relatively quiet on Monday, as the crypto currency markets continue to go sideways in general. This is a good sign though, as a quiet market is a market that has no fear. Given enough time, I believe that the market will try to break out above the $300 level. Given that level being broken to the upside, I suspect that the market will continue to go to the $320 level. Ultimately, I think that short-term pullbacks are buying opportunities.
ETH/BTC
Ethereum fell slightly against Bitcoin, testing the 0.075 level for support. The market should find buyers in this general vicinity, but I’m not looking for a big move. I believe that given enough time, this market will go higher, but it’s more of a grind to the upside than anything else. This market should continue to be slightly positive but lacking momentum.
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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