Ethereum is still trading at relatively depressed levels on Friday, although the thirty-minute time frame is showing huge bullish MACD divergence. The bullish MACD divergence extends towards the $218.00 level and suggests an upside rally may soon be coming for the ETHUSD pair. Overall, ETHUSD bulls may start to enter back into the short-term long trade once the $180 level is reclaimed.
If the ETHUSD pair trades above the $180.00 level, key resistance is found at the $200.00 and $218.00 levels. If the ETHUSD pair trades below the $180.00 level, key support is found at the $165.00 and $150.00 levels.