February 22, OctaFX – Ethereum continues to hold a bullish short-term bias on Friday, with the second largest cryptocurrency trading well above the $140.00 level.
Ethereum price technical analysis
If the ETHUSD pair can break above the $160.00, the cryptocurrency will perform a major technical breakout above a triangle pattern. If sellers force price back under the $140.00 level, a technical correction back towards the $120.00 level may occur.
- The ETHUSD pair is bullish while trading above the $120.00 level, key resistance is found at the $145.00 and $160.00 levels.
- If the ETHUSD pair trades below the $140.00 level, key support is found at the $130.00 and $120.00 levels.
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