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Ethereum price analysis - ETHUSD weakens below $300

OctaFx | Jul. 5, 2019
Ethereum price analysis - ETHUSD weakens below $300

5 July 2019, OctaFX – Ethereum price is starting to appear fairly weak in the short-term, as bulls struggle to move the price back above the $300.00 level.

Ethereum price technical analysis

Impulsive technical moves back towards the $330.00 level remain possible to complete the bullish pattern on the four-hour time frame. A potential move higher may also be needed to confirm that a medium-term high is firmly in place for ETHUSD sellers.

  •  If the ETHUSD pair trades above the $285.00 level, key resistance is found at the $320.00 and $330.00 levels.

  • If the ETHUSD pair trades below the 285.00 level, key support is found at the $255.00 and $235.00 levels.

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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.

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