Hello and welcome to News BTC’s Market Outlook July 19.
ETH/USD
The Ethereum market initially fell during the day against the US dollar on Tuesday but found enough support at the $180 level to turn around and form a hammer. A break above the $200 level would be a bullish sign, and should continue to bring more buyers into the marketplace.
ETH/BTC
The Ethereum market fell slightly against Bitcoin, as we continue to see sideways momentum. The 0.08 level below should be supportive, and that being the case, I think that the market will eventually find the buyers to get into the market. If we can break above the 0.10 level, it becomes a longer-term buy signal. In the meantime, it looks as if we are going to continue the accumulation phase.
Thanks for watching, we’ll see you again tomorrow.
