13 June 2019, OctaFX – Ethereum price has returned towards the $260.00 resistance level as the second largest cryptocurrency tracks the broader market higher on Thursday.
Ethereum price technical analysis
Ethereum is still in the danger zone while trading below the $280.00 as the bearish head and shoulders pattern still remaining valid. Overall, ETHUSD price is still tracking BTCUSD fairly closely this week and has yet to break the strong correlation.
If ETHUSD price trades above the $260.00 level, key resistance is found at the $280.00 and $320.00 levels.
If ETHUSD price fails from the $260.00 level, key support is found at the $230.00 and $205.00 levels.
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