16 July 2019, OctaFX –Ethereum price is attempting to recover earlier losses after the second largest cryptocurrency found strong technical support from just above the $200.00 level.
Ethereum price technical analysis
Further technical weakness in the ETHUSD pair should be expected if sellers keep price below the $220.00 support level. Overall, a major test of the Ethereum’s 200-day moving average, just above the $170.00 level, appears likely at some point.
If the ETHUSD pair trades below the $220.00 level, key support is found at the $200.00 and $170.00 levels.
If the ETHUSD pair trades above the $220.00 level, key resistance is found at the $235.00 and $255.00 levels.
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