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Ethereum price analysis - ETHUSD under selling pressure

OctaFx | Apr. 22, 2019
Ethereum price analysis - ETHUSD under selling pressure

April 22, OctaFX – Ethereum price is starting to erase Friday’s solid gains as the second largest cryptocurrency comes under early week selling pressure.

ETHUSD price technical analysis

A bearish head and shoulders pattern is looming over the four-hour time frame, with bulls needing to move price above the $185.00 level to invalidate the pattern. Key intraday technical support for the ETHUSD pair is found at the $154.00 level.

  • If the ETHUSD pair trade below the $160.00 level, key support is located at the $154.00 and $140.00 levels.

  • If ETHUSD bulls defend the $160.00 level, key resistance is found at the $175.00 and $185.00 levels.

Ethereum price, Ethereum price analysis

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.