ETH/USD and ETH/BTC Technical Analysis May 23, 2024
technical analysis

ETH/USD and ETH/BTC Technical Analysis May 23, 2024

THELOGICALINDIAN - Hello and acceptable to News BTCs Market Outlook May 23

ETH/USD

Ethereum rallied decidedly during the day on Monday, extensive appear the 190 handle. This of advance is a actual bullish market, so I anticipate cat-and-mouse for pullbacks will be the best way to go in a bazaar that looks actual bullish. I accept no absorption in shorting this market, and I accept that the $150 akin should now action cogent support. One would accept to accept the $200 is in the afterimage of traders now.

ETH/BTC

Ethereum has assuredly burst out adjoin Bitcoin, and now looks set to go to the 0.10 akin aloft which is the abutting large, round, psychologically cogent number. This actuality the case, I like the abstraction of affairs dips and accept that the bazaar is able-bodied accurate beneath at the 0.06 level. Ultimately, Ethereum continues to advance higher.