Ethereum price attempts building bullish momentum above $210

Ethereum price broke the $210 level and it seems like there could be more gains in the near term.

2 August 2019, OctaFX – Ethereum price is attempting to build bullish momentum above the $210.00 level after another failed attempt to hold price below the $200.00 level.

Ethereum price technical analysis

The lower time frames are showing that the ETHUSD pair is trading inside a triangle pattern, pointing to an upcoming technical break. The upside trendline is found at the $225.00 level, while trendline support comes in around the $200.00 level.

  • If the ETHUSD pair trades below the $200.00 level, key support is found at the $188.00 and $165.00 levels.

  • If the ETHUSD pair trades above the $225.00 level, key resistance is found at the $235.00 and $255.00 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.

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