ETHUSD gains expected above $225.00

Ethereum is once again starting to track Bitcoin higher, as bulls continue to hold price above the pivotal $225.00 level. A bullish triangle breakout has also occurred across the lower time frames, further encouraging buying interest. Overall, further gains towards at least the $255.00 level now seems the most likely scenario over the coming trading sessions.

• If the ETHUSD pair trades below the $225.00 level, key support is found at the $218.00 and $215.00 levels.

• If the ETHUSD pair trades above the $225.00 level, key resistance is found at the $235.00 and $255.00 levels