ETH/USD and ETH/BTC Technical Analysis August 22, 2024
technical analysis

ETH/USD and ETH/BTC Technical Analysis August 22, 2024

THELOGICALINDIAN - Hello and acceptable to News BTCs Market Outlook Aug 22

ETH/USD

Ethereum exploded to the upside during the affair on Monday, allowance the attrition akin at the $312 level, and accomplished appear the $345 level. The bazaar is up over 15% as I address this, so if you’re not in now, you would be astute to delay for some blazon of pullback. Obviously, there is a lot of bullish burden here, and I anticipate that we should acquisition abutment abreast the $320 akin beneath on the pullback.

 

ETH/BTC

Ethereum exploded adjoin Bitcoin as well, and alike pulled aback to acquisition abutment at the 0.078 level. I anticipate that akin is now abutment on pullbacks that you can booty advantage of, and block the barter at this point I accept is dangerous. These moves about accept massive pullbacks accustomed abundant time, and cat-and-mouse on that could be actual profitable.

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