ETH/USD and ETH/BTC Technical Analysis September 19 2017

Hello and welcome to News BTC’s Market Outlook September 19.

ETH/USD

Ethereum rallied on Monday, reaching towards the $300 level. A break above there should be a bullish sign, and send this market towards the $320 level next. Alternately, if we were to break down below the $270 level could send this market towards the $250 level.

ETH/BTC

Ethereum had a wild day against Bitcoin, exploded to the upside, then pulling back. It appears that the 0.0725 level has offered enough support for the buyers to come back, as it once was a significant resistance. Because of this, I think that the easiest path is higher rather than lower.

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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