ETHUSD awaiting technical confirmation
Ethereum is starting to appear fairly weak in the short-term, as bulls struggle to move price back above the $300.00 level. Impulsive technical moves back towards the $330.00 level remain possible to complete the bullish pattern on the four-hour time frame. A potential move higher may also be needed to confirm that a medium-term high is firmly in place for ETHUSD sellers.
If the ETHUSD pair trades above the $285.00 level, key resistance is found at the $320.00 and $330.00 levels.
If the ETHUSD pair trades below the 285.00 level, key support is found at the $255.00 and $235.00 levels.