Ethereum price analysis – ETHUSD slides towards $210

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.

A picture containing fence
                            Description automatically generated


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.

Share Your Opinion, Write a Comment