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.
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