OctaFX_Official

ETHUSD ATTEMPTING TO RECOVER BULLISH MOMENTUM

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Ethereum has once again moved above the psychological $200.00 level, after finding strong technical support from the $183.00 level on Monday. ETHUSD buyers now need to break the $225.00 level, while sellers need to create a fresh weekly trading low. It is worth noting that the ETHUSD pair recorded its largest buying volumes of the year last week, following the second largest cryptocurrencies decline to $158.00.

The ETHUSD pair is only bullish while trading above the $200.00 level, key resistance is found at the $216.00 and $225.00 levels.

If the ETHUSD pair moves below the $200.00 level, sellers may test towards the $183.00 and $170.00 support levels.
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