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Ethereum price analysis - ETHUSD recovers higher

OctaFx | May. 24, 2019
Ethereum price analysis - ETHUSD recovers higher

24 May 2019, OctaFX – Ethereum price has recovered higher in early Friday trade after finding strong technical support from the $220.00 level.

ETHUSD price technical analysis

ETHUSD price is currently trapped within a neutral triangle pattern on the four-hour time frame. A bullish breakout from the triangle pattern would take ETHUSD price towards the $330.00 level, while a bearish breakout may see a move towards the $180.00 support level.

  • ETHUSD price is intraday bullish while trading above the $245.00 level, key resistance is found at the $275.00 and $330.00 levels.

  • If ETHUSD price trades below the $245.00 level, key support is found at the $220.00 and $180.00 levels.

ETHUSD price, 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.