22 May 2019, OctaFX – Ethereum price is preparing for its next strong direction move as the second largest cryptocurrency by market capitalization consolidates around the $245.00 level.
Ethereum price technical analysis
The cryptocurrency may target the $330.00 level if can rally the ETHUSD pair above the resistance $280.00 level. Sellers could target the $190.00 support level if the ETHUSD pair falls below the current weekly trading low.
ETHUSD price is intraday bullish while trading above the $245.00 level, key resistance is found at the $280.00 and $330.00 levels.
If ETHUSD price trades below the $245.00 level, key support is found at the $230.00 and $190.00 levels.
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.