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Ethereum price forecast: ETHUSD bulls retain control

OctaFx | Mar. 20, 2019
Ethereum price forecast: ETHUSD bulls retain control

March 20, OctaFX – Ethereum is edging closer to major trendline resistance on Wednesday as short-term bulls continue to retain control of the second largest cryptocurrency.

ETHUSD price technical forecast

The ETHUSD pair has now broken above the Ichimoku cloud on the four-hour time frame, with the $145.00 level the strongest form of resistance above. If bulls can break above triangle resistance, the overall bullish projection of the pattern would take the ETHUSD pair above the $200.00 level.

  • The ETHUSD pair is bullish while trading above the $130.00 level, key resistance is found at the $155.00 and $175.00 levels.

  • If the ETHUSD pair trades below the $130.00 level, key support is found at the $125.00 and $118.00 levels.

Ethereum price forecast

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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