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Ethereum price heavily bearish below $130

OctaFx | Mar. 4, 2019
Ethereum price heavily bearish below $130

March 4, OctaFX – Ethereum price has started the new trading week under downside pressure, with the second largest cryptocurrency trading below the $130.00 level.

Ethereum price technical prediction 

If the ETHUSD pair continues to hold below this level, sellers may test towards key trendline support, at $115.00. The ETHUSD pair is trading within a large symmetrical triangle pattern, with a break below the $115.00 level triggering a bearish downside breakout from the pattern.

  • The ETHUSD pair is bearish while trading below the $130.00 level, key support is found at the $115.00 and $100.00 levels.

  • If the ETHUSD pair trades above the $130.00 level, key resistance is found at the $145.00 and $160.00 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.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.