ETHUSD STRUGGLING FOR DIRECTION

Ethereum / Dollar BITFINEX:ETHUSD


The ETHUSD             pair continues to struggle for direction, despite short-term buyers holding price above the symmetrical triangle pattern . Upside momentum is still lacking for Ethereum             , as the broader cryptocurrency market struggles in a low volume trading environment. Buyers will need to move price above $242.00 to accelerate buying, while short-term sellers will aim to take back control below the triangle pattern .

The ETHUSD             pair is only intraday bullish while trading above the triangle pattern , key resistance is found at the $230.00 and $242.00 levels.

If the ETHUSD             pair trades below the triangle pattern , sellers are likely to target the $198.00 and $182.00 support levels.

By admin