Ethereum price continues bullish move above $140


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.

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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