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Technical analysis

Ethereum Price Remains Bullish Above $125.00

OctaFx | Jan. 4, 2019
Ethereum Price Remains Bullish Above $125.00

January 4, OctaFX – Ethereum led the pack amongst the best performing cryptocurrencies this week, while Bitcoin remained muted under the psychological $4,000 level.

Ethereum Leads

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.

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.