ETHUSD heavily bearish below $115.00
Ethereum has started the new trading week under downside pressure, with the second largest cryptocurrency trading below the $130.00 level. If the ETHUSD pair continues to hold below this level, sellers may test towards key trendline support, at $115.00. The ETHUSD pair is trading within a large symmetrical triangle pattern, with a break below the $115.00 level triggering a bearish downside breakout from the pattern.
The ETHUSD pair is bearish while trading below the $130.00 level, key support is found at the $115.00 and $100.00 levels.
If the ETHUSD pair trades above the $130.00 level, key resistance is found at the $145.00 and $160.00 levels.