ETH/USD and ETH/BTC Technical Analysis June 28, 2017

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Hello and welcome to News BTC’s Market Outlook June 28.

ETH/USD

The Ethereum market fell significantly during the day again on Tuesday, as we continue to test the $220 level. I still believe that the $200 level is very significant, and that’s an area where the market will certainly be paying attention to due to the large, round, psychologically significant number. Some type of supportive candle or a bounce is what I am looking for, and then I would start buying.

ETH/BTC

Ethereum fell against Bitcoin as well, reaching towards the 0.09 level. That area looks very likely to be support, as I believe that the 0.09 level is the bottom of the support that starts at the 0.10 level. If we can break down below the 0.09 level, then I think the market goes down to the 0.08 level rather quickly. Otherwise, we could find support in this area, just as in the ETH/USD pair.

Thanks for watching, we’ll see you again tomorrow.