Ethereum price analysis – ETHUSD vulnerable to heavy technical selling

25 June 2019, OctaFX – Ethereum price is starting to appear uncomfortable above the $300.00 level, with the second largest cryptocurrency unable to make new higher highs on the daily chart.

Ethereum price technical analysis

ETHUSD price could be vulnerable to heavy technical selling if Bitcoin starts to reverse from the $11,000 level. Overall, unless bulls start to breach the $320.00, the ETHUSD pair shows real signs that the monthly high may have already been made.

  •  ETHUSD price is bullish while trading above the $300.00 level, key resistance is found at the $320.00 and $325.00 levels.

  • If ETHUSD price trades below the $300.00 level, key support is found at the $290.00 and $280.00 levels.

A picture containing fence
                                                        Description automatically generated


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.

Share Your Opinion, Write a Comment