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.
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.