OctaFX_Official

ETHUSD struggling under $180.00

BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
Ethereum is under pressure on Tuesday, with short-term bulls taking back control of the cryptocurrency below the $180.00 support level . Going forward, the ETHUSD pair still has a strong correlation to Bitcoin , many altcoins are also breaking lower. Overall, a bearish head and shoulders pattern with strong downside potential has been triggered on the lower time frames.

• If the ETHUSD pair trades below the $180.00 level, key support is found at the $165.00 and $150.00 levels.
• If the ETHUSD pair trades above the $180.00 level, key resistance is found at the $200.00 and $250.00 levels.

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