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Ethereum price analysis - ETHUSD slips lower from $240

Ethereum price analysis - ETHUSD slips lower from $240

Ethereum price struggled to climb higher and declined below the key $240 level against the US Dollar.

9 August 2019, OctaFXThe price of Ethereum continues to slip lower in early Friday trade after finding strong technical resistance from the $240.00 level earlier this week.

Ethereum price technical analysis

Sustained weakness below the $220.00 level will likely prompt an important technical test of the $207.00 support level. If ETHUSD bounces from the $220.00 level, the second-largest crypto could start to rally towards the $280.00 level.

  • If the ETHUSD pair trades below the $220.00 level, key support is found at the $207.00 and $190.00 levels.

  • If the ETHUSD pair trades above the $200.00 level, key resistance is found at the $240.00 and $280.00 levels

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