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Ethereum price analysis - ETHUSD slips below $300

OctaFx | Jul. 2, 2019
Ethereum price analysis - ETHUSD slips below $300

2 July 2019, OctaFX – Ethereum price has started the new trading month poorly, with the second largest cryptocurrency slipping below the $300.00 support level.

Ethereum price technical analysis

The four-hour time frame shows that a break under the $280.00 level exposes losses until at least the $265.00 level. Overall, a sustained move under the $265.00 level could trigger a much deeper bearish correction for the ETHUSD pair.

  •  The ETHUSD pair is only bullish while trading above the $300.00 level, key resistance is found at the $316.00 and $325.00 levels.

  • If the ETHUSD pair trades below the $300.00 level, key support is found at the $280.00 and $265.00 levels.

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.