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.
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