ETHUSD $135.00 daily pivot
Ethereum continues to struggle for direction on Friday, with the second largest cryptocurrency by market capitalization contained to a $10.00 price range so far this week. The $135.00 level remains the key weekly pivot, while critical technical support is found at the $124.00 level. The daily time frame is showing that major weekly technical resistance for the ETHUSD pair is located at the $142.00 level.
The ETHUSD pair is only bullish while trading above the $135.00 level, key resistance is found at the $124.00 and $115.00 levels.
If the ETHUSD pair trades below the $135.00 level, key resistance is found at the $142.00 and $160.00 levels.