Ethereum price corrects sharply lower – Is this buying opportunity?

27 June 2019, OctaFX – Ethereum price has started to reverse from the $360.00 level after following higher and surging to its highest level in over eighteen months.

Ethereum price technical analysis

It may be too early to call a top in ETHUSD price as a bullish pattern with a target of $490.00 is still in progress. Sellers need to move the ETHUSD pair under the $310.00 support level to encourage short-term sellers back into the game.

  • ETHUSD price is bullish while trading above the $300.00 level, key resistance is found at the $320.00 and $325.00 levels.

  • If ETHUSD price trades below the $300.00 level, key support is found at the $290.00 and $280.00 levels.


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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