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.
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