ETH/USD and ETH/BTC Technical Analysis May 15, 2024
technical analysis

ETH/USD and ETH/BTC Technical Analysis May 15, 2024

THELOGICALINDIAN - Hello and acceptable to News BTCs Market Outlook May 15

ETH/USD

Ethereum markets rallied during the day on Friday, as we abide to see abutment aloof beneath at $85. Longer-term traders are absolutely architecture up a position in this area, and I accept that the bazaar is admiring to the $100 level. Ultimately, every time we cull aback I anticipate it’s a affairs befalling as the bazaar shows signs of bullish burden underneath.

ETH/BTC

The Ethereum bazaar rallied a bit during the day on Friday, breaking aloft the 0.05 akin at one point. If we can breach aloft the top of the candle, I accept that the bazaar will again go attractive for the 0.06 akin above. Either way, I don’t accept any absorption in selling, and I accept there’s affluence of abutment beneath that will abide to allure buyers.

Thanks for watching and see you afresh tomorrow.