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Ethereum price analysis: ETHUSD remains rangebound

OctaFx | Mar. 25, 2019
Ethereum price analysis: ETHUSD remains rangebound

March 25, OctaFX – In this Ethereum price analysis, the ETHUSD pair is struggling to find direction in early Monday trading, with the second largest cryptocurrency trapped in its narrowest four-week trading range in over six months.

Ethereum price analysis

The Ichimoku cloud on the daily time frame shows that critical support is found at the $124.00 level. Above the current monthly trading high, the Kinjin-sen line offers breakout resistance around the $158.00 level

  • The ETHUSD pair is only bullish while trading above the $145.00 level, key resistance is found at the $158.00 and $175.00 levels.

  • If the ETHUSD pair trades below the $130.00 level, key support is found at the $124.00 and $118.00 levels.

Ethereum price analysis

Disclaimer

This article was provided by OctaFX. It should NOT 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.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.