Ethereum price attempts pushing higher


8 May 2019, OctaFX – Ethereum price is attempting to push higher in early Wednesday trade as the second largest cryptocurrency by market capitalization holds above major weekly support.

Ethereum price technical analysis

Buyers need to break above the current 2019 trading high in order to encourage fresh technical buying in the ETHUSD pair. The Ichimoku indicator is currently showing that the $160.00 and $148.00 levels are the key support levels to watch.

  • ETHUSD price is only bearish while trading below the $160.00 level, key support is found at the $148.00 and $125.00 levels.

  • If ETHUSD price trades above the $160.00 level, key resistance is found at the $185.00 and $210.00 levels.

Ethereum price, pushing higher

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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