OctaFX_Official

ETHUSD inside neutral triangle

BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
Ethereum has recovered higher in early Friday trade after finding strong technical support from the $220.00 level. The ETHUSD pair is currently trapped within a neutral triangle pattern on the four-hour time frame. A bullish breakout from the triangle pattern would take the ETHUSD towards the $330.00 level, while a bearish breakout may see a move towards the $180.00 support level .

The ETHUSD pair is intraday bullish while trading above the $245.00 level, key resistance is found at the $275.00 and $330.00 levels.
If the ETHUSD pair trades below the $245.00 level, key support is found at the $220.00 and $180.00 levels.
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