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Technical analysis

Ethereum Price Strongly Bullish Above $120.00: Will the upward trend continue?

OctaFx | Feb. 18, 2019
Ethereum Price Strongly Bullish Above $120.00: Will the upward trend continue?

February 18, OctaFX – Ethereum has made a strong move higher on Monday, with the ETHUSD pair making close to double-digit intraday gains after bulls convincingly broke above the $120.00 level.

Ethereum Price Technical Prediction: further upside remains possible

Further upside towards the $150.00 level remains possible as the technical breakout is still gathering momentum. Both the Relative Strength Index and MACD indicators on the four-hour time frame are starting to turn bullish.

  • The ETHUSD pair is bullish while trading above the $120.00 level, key resistance is found at the $150.00 and $160.00 levels.
  • If the ETHUSD pair trades below the $120.00 level, key support is found at the $115.00 and $109.00 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.