Ethereum price started a strong decline after it failed to surpass the $210 resistance against the US Dollar.
15 August 2019, OctaFX – The price of Ethereum has fallen under the $200.00 level as the entire cryptocurrency market comes under heavy downside selling pressure.
Ethereum price technical analysis
The ETHUSD pair may become an attractive buy from current levels, given that the second largest cryptocurrency is technically oversold. Bulls moving in from current levels would need to move the price back above the $220.00 level to steady market sentiment.
If the ETHUSD pair trades below the $200.00 level, key support is found at the $170.00 and $160.00 levels.
If the ETHUSD pair trades above the $200.00 level, key resistance is found at the $220.00 and $240.00 levels
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