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.

Ethereum price

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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