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ETHUSD edges closer to another technical breakout

OctaFx | Apr. 10, 2019
ETHUSD edges closer to another technical breakout

April 10, OctaFX – Ethereum continues to trade towards the best levels of the year so far, as the second largest cryptocurrency edges closer to major another technical breakout.

ETHUSD price analysis

ETHUSD bulls need to move price above the $185.00 level in order to accelerate buying interest towards the $220.00 level. The daily time frame is showing that key weekly support is located at the $160.00 and $155.00 levels.

  • The ETHUSD pair is bullish while trading above the $160.00 level, key technical resistance is found at the $185.00 and $220.00 levels

  • If the ETHUSD pair trade below the $160.00 level, key support is found at the $155.00 and $149.00 levels.

ETHUSD technical breakout

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.

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