Ethereum markets rallied initially during the day on Tuesday, reaching as high as $875. However, we had a significant selloff based upon volume later in the day, but found enough bullish pressure to turn things around and rally a bit. Because of this, I believe that the market is going to go looking to break above the $875 handle, and extend its reach towards the $900 level. Buying on the dips continues to be the best way going forward.
Ethereum rallied significantly against Bitcoin during the day on Tuesday, as Bitcoin sold off in general. We have made a fresh, new high, and that of course is the very essence of a potential uptrend. Because of this, I believe in buying on the dips, but I also recognize that eventually, Bitcoin will start to take off to the upside again. Alt coins in general have been very strong.
Thanks for watching, I’ll be back tomorrow.