January 4, OctaFX – Ethereum led the pack amongst the best performing cryptocurrencies this week, while Bitcoin remained muted under the psychological $4,000 level.
The ETHUSD pair traded towards the $155.00 trading level, as the third largest cryptocurrency regained recent bullish momentum and posted impressive double-digit gains.
The ETHUSD pair had slumped towards the $80.00 level in early December, before recovering above the $100.00 level and finding renewed technical buying as the popular digital currencies fundamentals improved.
ETHUSD Technical Analysis
∙ The ETHUSD pair is bullish while trading above the $125.00 level, key resistance is found at the $180.00 and $200.00 level. ∙ If the ETHUSD pair declines below the $125.00 level, sellers may test towards the $107.00 and $94.00 levels.
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