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Ethereum price attempts recovery above $160

Ethereum price attempts recovery above $160

April 17, OctaFX – Ethereum price is attempting to recover above the $160.00 level on Wednesday after the second largest cryptocurrency found strong technical support from the $155.00 level.

ETHUSD price technical analysis

The four-hour time frame is showing a head and shoulders pattern, with neckline support found at the $150.00 level. Key upside resistance for the ETHUSD pair is currently found at the $170.00 level.

  • If the ETHUSD pair trade below the $160.00 level, key support is found at the $150.00 and $122.00 levels.

  • If bulls hold price above the $160.00 level, key resistance is found at the $170.00 and $185.00 levels.

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Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ, nor should they be attributed to AtoZMarkets.

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