ETHUSD SET FOR BEARISH MONTHLY CLOSE
Ethereum continues to drift lower in early Friday trade, with the second largest cryptocurrency by market capitalization approaching the lower-end of its recent range.
The ETHUSD pair remains strongly bearish while trading below the $290.00 level and continues to trade inside a bearish head and shoulders pattern. Ethereum also looks set to close the month of August with a trading loss of over thirty percent.
The ETHUSD pair is strongly bearish while trading below the $260.00 level, further losses towards the $250.00 and $240.00 levels appears likely.
If the ETHUSD pair moves above the $290.00 level, buyers will likely test towards the $300.00 and $312.00 resistance levels.
The ETHUSD pair remains strongly bearish while trading below the $290.00 level and continues to trade inside a bearish head and shoulders pattern. Ethereum also looks set to close the month of August with a trading loss of over thirty percent.
The ETHUSD pair is strongly bearish while trading below the $260.00 level, further losses towards the $250.00 and $240.00 levels appears likely.
If the ETHUSD pair moves above the $290.00 level, buyers will likely test towards the $300.00 and $312.00 resistance levels.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.