Hello and welcome to News BTC’s Market Outlook July 19.[embedded content]
The Ethereum market initially fell during the day against the US dollar on Tuesday but found enough support at the $180 level to turn around and form a hammer. A break above the $200 level would be a bullish sign, and should continue to bring more buyers into the marketplace.
The Ethereum market fell slightly against Bitcoin, as we continue to see sideways momentum. The 0.08 level below should be supportive, and that being the case, I think that the market will eventually find the buyers to get into the market. If we can break above the 0.10 level, it becomes a longer-term buy signal. In the meantime, it looks as if we are going to continue the accumulation phase.
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