ETHUSD Analysis: Buyers Accumulating From Major Support Level (Weekly)

According to the H4 chart of ETHUSD now we are in an intraday range between 204.5 (support level) to 241.00 (Resistant level). We got 1st bounce-back from the level of 164.40 on 12-09-2018 by buyers. So, maybe the long downtrend is over; right now the initial challenge is 241.00 (intraday resistant level)! If the buyers can overcome this level smoothly, then our next target will be 296.2.

On the other hand, if the seller’s come back again & break the 204.5 level once again; then maybe we’ll get 168.5 level, even less value of this crypto pair.

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