Ethereum has pulled back from the $190.00 resistance level after buyers failed to performed a breakout above the $200.00 resistance level. Despite the recent move lower, the ETHUSD pair still has a bullish intraday bias while trading above the $180.00 level. Overall, the ETHUSD pair still has the potential to trade towards the $250.00 level while trading above the $180.00 support level.
• If the ETHUSD pair trades above the $180.00 level, key resistance is found at the $200.00 and $250.00 levels. • If the ETHUSD pair trades below the $180.00 level, key support is found at the $170.00 and $155.00 levels.