Ethereum is attempting to recover earlier losses after the second largest cryptocurrency found strong technical support from just above the $200.00 level. Further technical weakness in the ETHUSD pair should be expected if sellers keep price below the $220.00 support level. Overall, a major test of the Ethereum’s 200-day moving average, just above the $170.00 level, appears likely at some point.

If the ETHUSD pair trades below the $220.00 level, key support is found at the $200.00 and $170.00 levels.

If the ETHUSD pair trades above the $220.00 level, key resistance is found at the $235.00 and $255.00 levels.

- advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.