Hello and welcome to News BTC’s Market Outlook Aug 1.
ETH/USD
Ethereum fell slightly during the day on Monday, as we continue to bounce around just below the $200 level. It looks likely that the $175 level underneath will continue to be support though, so I would expect a short-term bounce. He either way, I suspect that is probably best to stay out of the market currently.
ETH/BTC
Ethereum continues to slide against Bitcoin, and it looks very likely to go looking towards the 0.06 level now. Short-term rallies are probably selling opportunities, less of course we can break above the 0.08 level above. If we do, then it becomes a very bullish market but currently it looks as if we have a slightly negative attitude.
Thanks for watching, we’ll see you again tomorrow.