ETHUSD targeting $200.00
Ethereum has moved to its highest trading level since November 2018 as the ETHUSD performed a bullish breakout above the $160.00 level. The ETHUSD has broken above a triangle pattern on the four-hour time frame, with the pattern holding upside projection of over $50.00. Technical indicators also show the recent move higher is gathering bullish trading momentum.
The ETHUSD pair is bullish while trading above the $160.00 level, key technical resistance is found at the $185.00 and $205.00 levels
If the ETHUSD pair trade below the $160.00 level, key support is found at the $155.00 and $149.00 levels.