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Ethereum price analysis - ETHUSD retains bullish momentum above $260

OctaFx | May. 29, 2019
Ethereum price analysis - ETHUSD retains bullish momentum above $260

29 May 2019, OctaFX – Ethereum price retains its bullish short-term bias after the second largest cryptocurrency by market capitalization traded to a new 2019 trading high earlier this week.

Ethereum price analysis

The $300.00 level may still come into focus this month, although the $325.00 resistance level is the likely target for ETHUSD bulls. A sustained loss of the $260.00 support level may provoke a further technical test of the $245.00 support level.

  • ETHUSD price is intraday bullish while trading above the $260.00 level, key resistance is found at the $300.00 and $325.00 levels.

  • If the ETHUSD pair trades below the $260.00 level, key support is found at the $245.00 and $220.00 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.

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