14 May 2019, OctaFX – Ethereum price has moved to a new 2019 trading high, with the second largest cryptocurrency by market capitalization receiving a boost from the recent breakout rally in Bitcoin.
Ethereum price technical analysis
The first bullish target for the ETHUSD pair is the $230.00 level, with the $270.00 level extended weekly resistance. Sellers need to move price below the $185.00 level to shift the strong bullish sentiment towards the ETHUSD pair.
The ETHUSD price is bullish while trading above the $185.00 level, key resistance is found at the $230.00 and $270.00 levels.
If ETHUSD price trades below the $185.00 level, key support is found at the $175.00 and $168.00 levels.
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