ETHUSD bulls defending $160.00
Ethereum is attempting to recover above the $160.00 level on Wednesday after the second largest cryptocurrency found strong technical support from the $155.00 level. The four-hour time frame is showing a head and shoulders pattern, with neckline support found at the $150.00 level. Key upside resistance for the ETHUSD pair is currently found at the $170.00 level.
If the ETHUSD pair trade below the $160.00 level, key support is found at the $150.00 and $122.00 levels.
If bulls hold price above the $160.00 level, key resistance is found at the $170.00 and $185.00 levels.