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ETHUSD not bullish yetEthereum is attempting towards the $200.00 level after the second-largest cryptocurrency found strong technical support from the $180.00 level. Bulls need to rally the ETHUSD pair above the $210.00 level to trigger a much stronger move higher towards the $230.00 region. If sellers can move price back under the current monthly low the ETHUSD pair could fall another $10.00. If the ETHUSD pair trades above the $200.00 level, key resistance is found at the $210.00 and $230.00 levels. If the ETHUSD pair trades below the $190.00 level, key support is found at the $180.00 and $170.00 levels
BITSTAMP:ETHUSD
by OctaFX_Official
ETHUSD value playEthereum has fallen under the $200.00 level as the entire cryptocurrency market comes under heavy downside selling pressure. The ETHUSD pair may become an attractive buy from current levels, given that the second largest cryptocurrency is technically oversold. Bulls moving in from current levels would need to move price back above the $220.00 level to steady market sentiment. If the ETHUSD pair trades below the $200.00 level, key support is found at the $170.00 and $160.00 levels. If the ETHUSD pair trades above the $200.00 level, key resistance is found at the $220.00 and $240.00 levels
BITSTAMP:ETHUSD
by OctaFX_Official
ETHUSD $220.00 key pivotEthereum continues to slip lower in early Friday trade after finding strong technical resistance from the $240.00 level earlier this week. Sustained weakness below the $220.00 level will likely prompt an important technical test of the $207.00 support level. If ETHUSD bounces from the $220.00 level, the second-largest crypto could start to rally towards the $280.00 level. If the ETHUSD pair trades below the $220.00 level, key support is found at the $207.00 and $190.00 levels. If the ETHUSD pair trades above the $200.00 level, key resistance is found at the $240.00 and $280.00 levels
BITSTAMP:ETHUSD
by OctaFX_Official
ETHUSD triangle break loomsEthereum is attempting to build bullish momentum above the $210.00 level after another failed attempt to hold price below the $200.00 level. The lower time frames are showing that the ETHUSD pair is trading inside a triangle pattern, pointing to an upcoming technical break. The upside trendline is found at the $225.00 level, while trendline support comes in around the $200.00 level. If the ETHUSD pair trades below the $200.00 level, key support is found at the $188.00 and $165.00 levels. If the ETHUSD pair trades above the $225.00 level, key resistance is found at the $235.00 and $255.00 levels
BITSTAMP:ETHUSD
by OctaFX_Official
ETHUSD rejections weighEthereum is starting to appear technically weak as the second-largest cryptocurrency continues to suffer multiple rejections from the $220.00 to $225.00 resistance area. The major catalyst for ETHSD downside will likely be a breakdown in the BTCUSD pair. Overall, more downside is favored until we see the $225.00 level convincingly broken and the bearish head and shoulders pattern invalidated. If the ETHUSD pair trades below the $200.00 level, key support is found at the $188.00 and $170.00 levels. If the ETHUSD pair trades above the $225.00 level, key resistance is found at the $235.00 and $255.00 levels
BITSTAMP:ETHUSD
by OctaFX_Official
ETHUSD rejected from $220.00Ethereum has once again been rejected from the $220.00 level after bouncing sharply from its weekly pivot point on Wednesday. Technical failure before the $220.00 level is likely to prompt yet another critical technical test of $200.00 support zone. A sustained break below the $200.00 level should prompt a strong move lower towards at least the $185.00 resistance level. If the ETHUSD pair trades above the $220.00 level, key resistance is found at the $235.00 and $250.00 levels. If the ETHUSD pair trades below the $220.00 level, key support is found at the $200.00 and $185.00 levels.
BITSTAMP:ETHUSD
by OctaFX_Official
ETHUSD $220.00 key level to watchEthereum is attempting to recover earlier losses after the second-largest cryptocurrency found strong technical support from just above the $200.00 level. Further technical weakness in the ETHUSD pair should be expected if sellers keep the price below the $220.00 support level. Overall, a major test of the Ethereum’s 200-day moving average, just above the $170.00 level, appears likely at some point. If the ETHUSD pair trades below the $220.00 level, key support is found at the $200.00 and $170.00 levels. If the ETHUSD pair trades above the $220.00 level, key resistance is found at the $235.00 and $255.00 levels.
BITSTAMP:ETHUSD
by OctaFX_Official
ETHUSD further losses expectedEthereum is under heavy technical selling pressure on Friday after breaking under the important $270.00 support level. The ETHUSD pair is tracking Bitcoin lower and is now trading below the neckline of a head and shoulders pattern with a downside target of around $85.00. The $220.00 support level is the next bearish target if Ethereum sellers continue to hold price under the $270.00 level. If the ETHUSD pair trades below the $270.00 level, key support is found at the $250.00 and $220.00 levels. If the ETHUSD pair trades above the $270.00 level, key resistance is found at the $280.00 and $300.00 levels.
BITSTAMP:ETHUSD
by OctaFX_Official
ETHUSD corrective move possibleEthereum is once again starting to appear comfortable above the $300.00 level as the second largest cryptocurrency tracks Bitcoin higher. A test of demand around the $335.00 level appears likely if ETHUSD bulls can break above the $315.00 resistance level. A confirmed failure to create a new higher high on the monthly chart may also weigh technically on the ETHUSD pair. If the ETHUSD pair trades above the $300.00 level, key resistance is found at the $315.00 and $330.00 levels. If the ETHUSD pair trades below the 300.00 level, key support is found at the $290.00 and $280.00 levels.
BITSTAMP:ETHUSD
by OctaFX_Official
ETHUSD $265.00 upcoming supportEthereum has started the new trading month poorly, with the second largest cryptocurrency slipping below the $300.00 support level. The four-hour time frame shows that a break under the $280.00 level exposes losses until at least the $265.00 level. Overall, a sustained move under the $265.00 level could trigger a much deeper bearish correction for the ETHUSD pair. The ETHUSD pair is only bullish while trading above the $300.00 level, key resistance is found at the $316.00 and $325.00 levels. If the ETHUSD pair trades below the $300.00 level, key support is found at the $280.00 and $265.00 levels.
BITSTAMP:ETHUSD
by OctaFX_Official
ETHUSD $360.00 topEthereum has started to reverse from the $360.00 level after following higher and surging to its highest level in over eighteen months. It maybe to early to call a top in the ETHUSD pair as a bullish pattern with a target of $490.00 is still in progress. Sellers need to move the ETHUSD pair under the $310.00 support level to encourage short-term sellers back into the game. The ETHUSD pair is bullish while trading above the $300.00 level, key resistance is found at the $320.00 and $325.00 levels. If the ETHUSD pair trades below the $300.00 level, key support is found at the $290.00 and $280.00 levels.
BITSTAMP:ETHUSD
by OctaFX_Official
ETHUSD may have peakedEthereum is starting to appear uncomfortable above the $300.00 level, with the second largest cryptocurrency unable to make new higher highs on the daily chart. The ETHUSD pair could be vulnerable to heavy technical selling if Bitcoin starts to reverse from the $11,000 level. Overall, unless bulls start to breach the $320.00, the ETHUSD pair shows real signs that the monthly high may have already been made. The ETHUSD pair is bullish while trading above the $300.00 level, key resistance is found at the $320.00 and $325.00 levels. If the ETHUSD pair trades below the $300.00 level, key support is found at the $290.00 and $280.00 levels.
BITSTAMP:ETHUSD
by OctaFX_Official
ETHUSD $285.00 breakout resistanceEthereum has moved within touching distance of the $280.00 resistance level as the ETHUSD pair finally starts to follow Bitcoin higher. If bulls can breach the $285.00 level a bullish breakout towards the $320.00 level appears the most likely scenario. Traders should track the action on the BTCUSD pair as it is starting to have a strong correlation with other top digital assets. If the ETHUSD pair trades above the $285.00 level, key resistance is found at the $300.00 and $320.00 levels. If the ETHUSD pair fails from the $280.00 level, key support is found at the $255.00 and $235.00 levels.
BITSTAMP:ETHUSD
by OctaFX_Official
ETHUSD struggles with May highEthereum is coming under slight downside pressure after the second largest cryptocurrency by market capitalization failed to break the May trading high. The bearish pattern on the four-hour time frame has yet to be invalidated, leaving the ETHUSD pair vulnerable to more losses. Overall the next strong directional move is unlikely to occur until the $230.00 to $280.00 price range is broken. The ETHUSD pair is bullish while trading above the $260.00 level, key resistance is found at the $280.00 and $320.00 levels. If the ETHUSD pair trades below the $260.00 level, key support is found at the $230.00 and $205.00 levels.
BITSTAMP:ETHUSD
by OctaFX_Official
ETHUSD still in the danger zoneEthereum has returned towards the $260.00 resistance level as the second largest cryptocurrency tracks the broader market higher on Thursday. Ethereum is still in the danger zone while trading below the $280.00 as the bearish head and shoulders pattern still remaining valid. Overall, the ETHUSD pair is still tracking BTCUSD fairly closely this week and has yet to break the strong correlation. If the ETHUSD pair trades above the $260.00 level, key resistance is found at the $280.00 and $320.00 levels. If the ETHUSD pair fails from the $260.00 level, key support is found at the $230.00 and $205.00 levels.
BITSTAMP:ETHUSD
by OctaFX_Official
ETHUSD right shoulder completeEthereum has slipped backed to key neckline support as the second largest cryptocurrency continues to trade in lockstep with Bitcoin. The four-hour time frame is showing that a right-hand shoulder has now formed, which completes the bearish head and shoulders pattern. Sustained moves below the $230.00 level are likely to provoke technical selling, with the $205.00 level the most prominent downside target. If the ETHUSD pair trades below the $230.00 level, key support is found at the $205.00 and $190.00 levels. If the ETHUSD pair holds above the $230.00 level, key resistance is found at the $255.00 and $285.00 level.
BITSTAMP:ETHUSD
by OctaFX_Official
ETHUSD $230.00 downside level to watchEthereum is back under pressure on Friday, with the second largest cryptocurrency by market capitalization testing towards neckline support. The four-hour time frame highlights that bearish breakdown towards the $205.00 level is possible if price slips below the $230.00 level. Bulls ideally need to lift the ETHUSD pair above the $280.00 level to negate the bearish head and shoulders pattern. The ETHUSD pair is intraday bearish while trading below the $230.00 level, key support is found at the $220.00 and $205.00 levels. If the ETHUSD pair trades above the $230.00 level, key resistance is found at the $245.00 and $280.00 levels.
BITSTAMP:ETHUSD
by OctaFX_Official
ETHUSD clear range break neededEthereum continues to stage a recovery in early Monday trade after the second largest cryptocurrency found solid technical support from the $230.00 level. The next strong directional move in the ETHUSD pair will likely come when a confirmed breakout occurs from the $230.00 to $285.00 price range. Overall, bulls need to post a fresh yearly trading high to negate a potential double-top pattern formation on the lower time frames. The ETHUSD pair is intraday bullish while trading above the $245.00 level, key resistance is found at the $285.00 and $325.00 levels. If the ETHUSD pair trades below the $245.00 level, key support is found at the $230.00 and $205.00 levels.
BITSTAMP:ETHUSD
by OctaFX_Official
ETHUSD upward bias intactEthereum retains its bullish short-term bias after the second largest cryptocurrency by market capitalization traded to a new 2019 trading high earlier this week. The $300.00 level may still come into focus this month, although the $325.00 resistance level is the likely target for ETHUSD bulls. A sustained loss of the $260.00 support level may provoke a further technical test of the $245.00 support level. The ETHUSD pair is intraday bullish while trading above the $260.00 level, key resistance is found at the $300.00 and $325.00 levels. If the ETHUSD pair trades below the $260.00 level, key support is found at the $245.00 and $220.00 levels.
BITSTAMP:ETHUSD
by OctaFX_Official
ETHUSD inside neutral triangleEthereum 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.
BITSTAMP:ETHUSD
by OctaFX_Official
ETHUSD breakout loomsEthereum is preparing for its next strong direction move as the second largest cryptocurrency by market capitalization consolidates around the $245.00 level. The cryptocurrency may target the $330.00 level if can rally the ETHUSD pair above the resistance $280.00 level. Sellers could target the $190.00 support level if the ETHUSD pair falls below the current weekly trading low. The ETHUSD pair is intraday bullish while trading above the $245.00 level, key resistance is found at the $280.00 and $330.00 levels. If the ETHUSD pair trades below the $245.00 level, key support is found at the $230.00 and $190.00 levels.
BITSTAMP:ETHUSD
by OctaFX_Official
ETHUSD $245.00 pivotal supportEthereum remains well supported in early Friday trade, with the second largest cryptocurrency by market capitalization trading close to major intraday support. The daily time frame is showing that a large bullish inverted head and shoulders pattern is now present. If ETHUSD bulls can hold price above the $245.00 level the cryptocurrency could continue its recent breakout rally. The ETHUSD pair is intraday bullish while trading above the $245.00 level, key resistance is found at the $280.00 and $330.00 levels. If the ETHUSD pair trades below the $245.00 level, key support is found at the $230.00 and $210.00 levels.
BITSTAMP:ETHUSD
by OctaFX_Official
ETHUSD $230.00 soft targetEthereum has moved to a new 2019 trading high, with the second largest cryptocurrency by market capitalization receiving a boost from the recent breakout rally in Bitcoin. The first bullish target for the ETHUSD pair is the $230.00 level, with the $270.00 level extended weekly resistance. Sellers need to move price below the $185.00 level to shift the strong bullish sentiment towards the ETHUSD pair. The ETHUSD pair is bullish while trading above the $185.00 level, key resistance is found at the $230.00 and $270.00 levels. If the ETHUSD pair trades below the $185.00 level, key support is found at the $175.00 and $168.00 levels.
BITFINEX:ETHUSD
by OctaFX_Official