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Hello and welcome to News BTC’s Market Outlook September 4.
Ethereum was suspiciously quiet during the Friday session as the US dollar was very volatile. That being said, I think that the biggest concern right now is the $400 level above, and the potential resistance that a large number like that can cause. That being the case, I am bullish of this market, but I’m waiting for a break above the $400 handle to put more money to work.
Ethereum continues to find support near the 0.081 level, as we have bounced slightly. The market looks likely to find buyers in this general vicinity, as we should then go to the 0.803 level, and perhaps beyond. I don’t have any interest in selling. Ultimately, this market should continue to break above the 0.085 level above, and continue to go higher.
Thanks for watching, all see you again tomorrow.