2 July Ethereum Price Technical Analysis: ETHUSD pair is intraday bullish


Ethereum has been trading inside a falling wedge pattern for quite some time as it formed lower highs and lower lows. Is ETHUSD making its way closer to the top again? What does today’s 2 July Ethereum Price Technical Analysis reveal?

2 JuLY, OctaFX – Ethereum has started to recover short-term bullish momentum on Monday, after sellers failed to contain price below the key $400 support level.

The ETHUSD pair currently trades around the $440 region, with the $450 level the next upside hurdle for Ethereum bulls. Ethereum buyers will look to challenge the $468 level if the $450 level is broken, while sellers will look to contain price below $450.

2 July Ethereum Price Technical Analysis

  • The ETHUSD pair is intraday bullish while trading above the $450 level, key technical resistance is now located at the $468 and $482 levels.
  • If the ETHUSD pair moves below the $408 level, sellers may test towards the $395 and $380 support levels.

Disclaimer

This article about 2 July Ethereum Price Technical Analysis was provided by OctaFX. It should substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.

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