Ethereum is getting ready for a breakout move as the cryptocurrency continues to find solid dip-buying interest around the $180.00 level. A bullish inverted head and shoulders pattern on the lower time frames is signaling a possible rally towards the $250.00 level. Only a sustained move below the $155.00 level would negate the bullish outlook for the ETHUSD pair.
• If the ETHUSD pair trades above the $200.00 level, key resistance is found at the $210.00 and $250.00 levels.
• If the ETHUSD pair trades below the $200.00 level, key support is found at the $170.00 and $155.00 levels.
• If the ETHUSD pair trades above the $200.00 level, key resistance is found at the $210.00 and $250.00 levels.
• If the ETHUSD pair trades below the $200.00 level, key support is found at the $170.00 and $155.00 levels.
