ETHUSD PRICE ACTION REMAINS WEAK

Ethereum / Dollar BITFINEX:ETHUSD


Ethereum             has started to move higher alongside the broader cryptocurrency market on Friday, although the ETHUSD             pair continues to struggle to move away from the $215.00 support level . Price-action also remains weak on the ETHUSD             pair, with a potential bearish head and shoulders pattern still looming over the second largest cryptocurrency in the short-term.

The ETHUSD             pair is only bullish while trading above the $215.00 level, key resistance is found at the $242.00 and $253.00 levels.

If the ETHUSD             pair trades below the $215.00 level, sellers will once again test towards the $200.00 and $183.00 support levels.

By admin