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Ethereum price soars above $225, further gains seem possible

Ethereum price soars above $225, further gains seem possible

Ethereum price pierces $225 as Bitcoin scales the levels above $12000. Will ETHUSD pair continue the uptrend?

6 August 2019, OctaFX – Ethereum price is once again starting to track Bitcoin higher, as bulls continue to hold price above the pivotal $225.00 level.

Ethereum price technical analysis

A bullish triangle breakout has also occurred across the lower time frames, further encouraging buying interest. Overall, further gains towards at least the $255.00 level now seem the most likely scenario over the coming trading sessions.

  • If the ETHUSD pair trades below the $225.00 level, key support is found at the $218.00 and $215.00 levels.

  • If the ETHUSD pair trades above the $225.00 level, key resistance is found at the $235.00 and $255.00 levels

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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, nor should they be attributed to AtoZMarkets.

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