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Ethereum Price Under Attack Below $100.00

Ethereum Price Under Attack Below $100.00

February 8, OctaFX – Ethereum continues to trade close to the worst levels of 2019 on Friday, with the ETHUSD pair at risks of further heavy losses below the $100.00 level.

The ETHUSD pair may decline towards the $92.00 support region is sellers can sustain price below the $100.00 level. The ADX indicator, which measures the strength of trading trends, shows that moves lower in the ETHUSD pair are weak.

ETHUSD Price Technical Prediction

  • The ETHUSD pair is bearish while trading below the $100.00 level, key support is found at the $92.00 and $78.00 levels.
  • If ETHUSD pair trades above the $110.00 level, key resistance is found at the $120.00 and $140.00 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.

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