Hello and welcome to News BTC’s Market Outlook September 28.
ETH/USD
The Ethereum market rallied a bit during the day on Wednesday, reaching towards the $300 level. If we can break above there, the market should continue to go much higher, as it would represent a significant break out. I think pullbacks should be buying opportunities, and that Ethereum is ready to go much higher.
ETH/BTC
The ETH/BTC pair fell during the day, showing that although Ethereum is bullish, at the end of the day, Bitcoin continues to strengthen overall. I think that the market will go looking towards the 0.071 level underneath, perhaps even the 0.07 level. Ultimately, I think this is a market that continues to drift lower, but quite frankly I don’t expect a massive move.
Thanks for watching, I’ll be back tomorrow.
Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources. NewsBTC does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.