ETH/USD and ETH/BTC Technical Analysis Aug 1, 2024
technical analysis

ETH/USD and ETH/BTC Technical Analysis Aug 1, 2024

THELOGICALINDIAN - Hello and acceptable to News BTCs Market Outlook Aug 1

ETH/USD

Ethereum fell hardly during the day on Monday, as we abide to animation about aloof beneath the $200 level. It looks acceptable that the $175 akin beneath will abide to be abutment though, so I would apprehend a concise bounce. He either way, I doubtable that is apparently best to break out of the bazaar currently.

ETH/BTC

Ethereum continues to accelerate adjoin Bitcoin, and it looks actual acceptable to go attractive appear the 0.06 akin now. Short-term rallies are apparently affairs opportunities, beneath of advance we can breach aloft the 0.08 akin above. If we do, again it becomes a actual bullish bazaar but currently it looks as if we accept a hardly abrogating attitude.

Thanks for watching, we’ll see you afresh tomorrow.