ETHUSD triangle break looms
Ethereum is attempting to build bullish momentum above the $210.00 level after another failed attempt to hold price below the $200.00 level. The lower time frames are showing that the ETHUSD pair is trading inside a triangle pattern, pointing to an upcoming technical break. The upside trendline is found at the $225.00 level, while trendline support comes in around the $200.00 level.
If the ETHUSD pair trades below the $200.00 level, key support is found at the $188.00 and $165.00 levels.
If the ETHUSD pair trades above the $225.00 level, key resistance is found at the $235.00 and $255.00 levels