Hello and welcome to News BTC’s Market Outlook July 3.
ETH/USD
Ethereum initially fell on Friday but found enough support at the $280 level to turn around and show signs of life again. It looks as if we are trying to consolidate and build up enough momentum to continue going higher, and a break above the $320 level is a sign that we are going much higher. In the meantime, it’s probably best to buy short-term dips.
ETH/BTC
The Ethereum market against Bitcoin also initially dipped during the day but turned around to show signs of life. It looks as if buying on the dips will continue to be the way going forward, and a break above the 0.13 level signifies that we are going towards the highs yet again. Ethereum seems to be well supported, and that should continue to be the case going forward.
Thank you for watching, we’ll see you again tomorrow.