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.
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