April 26, OctaFX – Ethereum price is under downside pressure on Friday, with the second largest cryptocurrency falling below major weekly technical support.
ETHUSD technical analysis
The ETHUSD pair has failed to gain bullish momentum this week and has so far found support from the $145.00 level. The bearish head and shoulders pattern on the four-hour time frame remains key, with the ETHUSD pair now trading below neckline support, at $155.00.
If the ETHUSD pair trade below the $155.00 level, key support found at the $145.00 and $125.00 levels.
If the ETHUSD pair trades above the $155.00 level, key resistance is found at the $165.00 and $179.00 levels.
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