23 July 2019, OctaFX – Ethereum price has started to move back towards the $210.00 support level after the cryptocurrency found strong resistance from just above the $225.00 level.
Ethereum price technical analysis
ETHUSD bears may start to test back towards the currently trading low, although failure to break the low will likely encourage ETHUSD bulls to step in. Overall, the trading action in Bitcoin is still having a strong correlation to ETHUSD moves.
If the ETHUSD pair trades below the $225.00 level, key support is found at the $200.00 and $187.00 levels.
If the ETHUSD pair trades above the $225.00 level, key resistance is found at the $235.00 and $250.00 levels.
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