Ethereum price analysis – ETHUSD still in the danger zone

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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