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OctaFX_Official
Oct 16, 2019 7:36 AM

ETHUSD bearish under $180.00 

Ethereum / U.S. dollarBitstamp

Description

Ethereum is consolidating towards the worst levels of the week in early Wednesday trade, as the second-largest cryptocurrency struggles to find buying interest. Short-term bulls are only in control of the ETHUSD pair while price trades above the key $180.00 support level. Overall, buyers need to force a breakout above the $197.00 resistance level this week or the ETHUSD pair could fall back towards the $150.00 level.

• If the ETHUSD pair trades above the $180.00 level, key resistance is found at the $197.00 and $210.00 levels.
• If the ETHUSD pair trades below the $180.00 level, key support is found at the $171.00 and $150.00 levels.
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