Ethereum price analysis – ETHUSD attempts recovery above $200

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.

A close up of a fence
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