ETH/USD and ETH/BTC Technical Analysis September 1 2017

SPONSORED ARTICLE:  Sponsored by Binance Cryptocurrency Trading Platform

Hello and welcome to News BTC’s Market Outlook September 1.


Ethereum went sideways most of the session on Thursday, but found enough buying pressure near the $380 level to turn around and rally. I believe that the market is going to continue to go higher, probably looking for the psychologically significant $400 level. That area could cause a little bit of resistance, but I think it will be short-term at best. Given enough time, I believe that the markets will continue to favor buying, and dips should offer value.


Ethereum fell against Bitcoin as it has been a strong performer during the day. I still believe that although Ethereum is a strong performer against the US dollar, against Bitcoin itself it’s going to struggle overall. I believe that the market will continue to underperform although it could be very bullish.

Thanks for watching, I’ll be back Monday.

Article Original

Добавить комментарий