Hello and welcome to News BTC’s Market Outlook May 15.
ETH/USD
Ethereum markets rallied during the day on Friday, as we continue to see support just below at $85. Longer-term traders are certainly building up a position in this area, and I believe that the market is attracted to the $100 level. Ultimately, every time we pull back I think it’s a buying opportunity as the market shows signs of bullish pressure underneath.
ETH/BTC
The Ethereum market rallied a bit during the day on Friday, breaking above the 0.05 level at one point. If we can break above the top of the candle, I believe that the market will then go looking for the 0.06 level above. Either way, I don’t have any interest in selling, and I believe there’s plenty of support below that will continue to attract buyers.
Thanks for watching and see you again tomorrow.