Ethereum is performing a near-term technical bounce after the ETHUSD pair found strong support from the $168.00 level over the weekend. ETHUSD bulls need to hold the pair above the $185.00 level to encourage buying interest towards the $210.00 level. Failure to overcome the $185.00 level could easily see the ETHUSD pair sold back towards the September low.
• If the ETHUSD pair trades above the $185.00 level, key resistance is found at the $189.00 and $210.00 levels. • If the ETHUSD pair trades below the $185.00 level, key support is found at the $168.00 and $150.00 levels.