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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