Hello and welcome to News BTC’s Market Outlook July 12.[embedded content]
Ethereum had a rough start to the Tuesday session, but found buyers near the $170 level. In fact, we found enough buyers that we turned around and bounced over the $200 handle. Because of the action, it looks like the buyers are coming back in. On a break above the $222 level, that should signal a fresh new wave of buying.
Ethereum did much the same against Bitcoin, as it looks as if the 0.0750 level has offered enough support to turn the market around again. On a break above the 0.09 level, the market looks as if it should attract more buying, based upon a value proposition. Expect volatility, but it looks as if support has finally returned.
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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.
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