ETHUSD bullish pattern working
Ethereum has opened the new trading week strongly, with the ETHUSD pair the strongest performing cryptocurrency amongst the top twenty cryptocurrencies by market capitalization. The recent break above the $126.00 level has triggered a bullish inverted head and shoulders pattern, with an upside projection extending well above the $150.00 level. Sellers need to move price back under the $142.00 in order to ease intraday bullish momentum.
The ETHUSD pair is bullish while trading above the $126.00 level, key resistance is found at the $160.00 and $195.00 levels.
If ETHUSD pair falls below the $142.00 level, sellers may test the $126.00 and $120.00 levels