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

By Christopher Lewis Apr 28, 2017 2:54 AM EDT

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Hello and welcome to News BTC’s Market Outlook April 28.[embedded content]

ETH/USD

Ethereum rallied against the US dollar during the session on Thursday, breaking above the $60 level. We are now free to go much higher. Pullbacks at this point should offer value, and the $60 level now should be the beginning of fairly significant support. I have no interest in shorting, and believe that it there and will continue to go much higher.

ETH/BTC

Ethereum rallied against Bitcoin, reaching the 0.05 area before pulling back slightly. The market looks bullish, and I believe that short-term pullbacks will continue to offer short-term buying opportunities as Ethereum has been showing quite a bit of strength against other currencies as of late.

Thanks for watching and see you again Monday.

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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