ETH/USD and ETH/BTC Technical Analysis May 09, 2024
technical analysis

ETH/USD and ETH/BTC Technical Analysis May 09, 2024

THELOGICALINDIAN - Hello and acceptable to News BTCs Market Outlook May 09

ETH/USD

Ethereum fell a bit during the Monday trading affair as we accomplished appear the $90 handle. This is an breadth that should account absolutely a bit of abutment though, and we did animation from that akin so I anticipate we are currently accumulating position admeasurement in adjustment to go appear the $100 akin again. Buying concise dips will added than acceptable action appropriate trading opportunities. A breach aloft the $100 akin of advance is actual bullish.

ETH/BTC

Ethereum fell adjoin Bitcoin, but continues to acquisition abutment below. This time, it was the 0.055 akin that saw a bit of affairs pressure, as we gradually acceleration over time. I accept that affairs dips continues to be the way activity forward, but anticipate of this added as an investment, and beneath as a trade. Activity forward, I apprehend the bazaar to ability too abundant college levels.

Thanks for watching and see you afresh tomorrow.