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Ethereum price analysis - ETHUSD breakout seems imminent

Ethereum price analysis - ETHUSD breakout seems imminent

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.

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