ETH/USD and ETH/BTC Technical Analysis September 20 2017

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Hello and welcome to News BTC’s Market Outlook September 20.[embedded content]

ETH/USD

Ethereum fell initially during the day on Tuesday, but found the $280 level be supportive enough to turn things around and bounce. I believe that if we can break above the $300 level, the market should continue to go much higher. At that point, I believe the people will start adding to their positions. Selling will probably see support near the $260 level underneath.

ETH/BTC

Ethereum went sideways against Bitcoin during the session, finding support at the 0.0715 level. We could bounce from here, but I think it’s going to be more of a slow grind than anything else. The market looks likely to be volatile, but I think longer-term we could probably go higher. However, I feel that is a much purer play if you buy Bitcoin separately from Ethereum, you should be able to profit as Bitcoin is back in favor.

Thank you for watching, all 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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247 Bitcoin

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