ETH/USD and ETH/BTC Technical Analysis October 3 2017

Hello and welcome to News BTC’s Market Outlook October 3.[embedded content]


Ethereum fell slightly against the US dollar during the trading session on Monday, as we continue to see a bit of noise around the $300 level. Currently, it looks as if we are consolidating between $290 and $305. I think this continues. Overall though, I do have more of a proclivity to start buying.


Ethereum fell against but going again, reaching down towards the 0.066 level. This is a negative sign, and should continue to favor the market falling from here. Because of this, I think that short-term rallies could be selling opportunities, but overall I think that this is more of a grind lower than anything else.

Thanks for watching, I’ll be back tomorrow.

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.

Source: Newsbtc