ETH/USD and ETH/BTC Technical Analysis October 3 2017

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Hello and welcome to News BTC’s Market Outlook October 3.

ETH/UTC

Ethereum fell slightly against the US dollar during the trading session on Monday, as we continue to see a bit of noise around the $300 level. Currently, it looks as if we are consolidating between $290 and $305. I think this continues. Overall though, I do have more of a proclivity to start buying.

ETH/BTC

Ethereum fell against but going again, reaching down towards the 0.066 level. This is a negative sign, and should continue to favor the market falling from here. Because of this, I think that short-term rallies could be selling opportunities, but overall I think that this is more of a grind lower than anything else.

Thanks for watching, I’ll be back tomorrow.