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.