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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