ETH/USD and ETH/BTC Technical Analysis November 16 2024
technical analysis

ETH/USD and ETH/BTC Technical Analysis November 16 2024

THELOGICALINDIAN - Hello and acceptable to News BTCs Market OutlookNovember

ETH/USD

Ethereum continues to run to the upside during the trading affair on Wednesday, but the $340 akin looks to be alms a bit of resistance. Because of this, I anticipate a pullback ability be necessary, but that pullbacks should alone action a beginning affairs opportunity. I accept that the $312 akin will now action a bit of a “floor” in the market, and that we should go attractive appear the $350 akin above.

ETH/BTC

Ethereum initially fell adjoin Bitcoin during the day, but you can see we are starting to about-face about abreast the 0.046 region. By accomplishing so, looks as if we’re activity to try to action our way to the upside, but I anticipate now we are entering a abeyant alliance breadth amid the 0.045 akin on the bottom, and the 0.053 akin on the top.

Thanks for watching, I’ll be aback tomorrow.