Reason to trust
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 6.
ETH/USD
Ethereum initially fell on Monday, but turned around at the $230 level to form a bit of a hammer. It looks as if the bullish momentum continues to go higher, and therefore dips continue to be buying opportunities. We believe that the $200 level is going to serve as a bit of a “floor” in the current uptrend. Having said that, be aware that we are most certainly overbought at this point.
ETH/BTC
Ethereum fell slightly against Bitcoin, but obviously is still very bullish. The 0.085000 level just below should offer support, and therefore supportive candles or bounces from that general vicinity will more than likely be looked at as buying opportunities in what appears to be a one-way trade currently.
They for watching, I’ll see you tomorrow.
