ETH/USD and ETH/BTC Technical Analysis April 25, 2017

By Guest Author Apr 25, 2017 2:13 AM EST

This story was shared from this site

Hello and welcome to News BTC’s Market Outlook April 25.

[embedded content]

ETH/USD

Ethereum tried to rally during the day on Monday, but struggled to hang on to gains. Because of this, it looks as if the $55 level will continue to be an issue. A breakdown below the bottom of the range for the day could send Ethereum down to the $52 handle, perhaps even the $50 level. A break above the top of the candle for the session on Monday should have this market looking for the $58 level above.

ETH/BTC

Ethereum gained slightly against Bitcoin, but you can see we have had a very tight market as of late. With the recent surge higher, I still must believe that the market is going to favor the upside, although it is obviously going to be more of a grind than anything else. Short-term pullbacks could be buying opportunities, as the market looks set to reach towards the 0.04500 level above, and perhaps higher than that. Nonetheless, this will be a grind more than anything else.

Thanks for watching and 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.

Facebook Comments


Comments are closed here.

Read previous post:
BTC/USD and BTC/JPY Technical Analysis April 25, 2017

Hello and welcome to News BTC’s Market Outlook April 25.[embedded content] BTC/USD Bitcoin fell against the US dollar on Monday,...

Close