ETHUSD approaching target

Ethereum has found fresh buying interest over the weekend, with the second-largest cryptocurrency advancing towards $200.00 level. If ETHUSD bulls can hold price above the $200.00 level this week, further upside towards the $235.00 level remains possible. Until the upcoming news about two potential Bitcoin Exchange Traded Funds is released, upside gains may slow inside the altcoin space.

• If the ETHUSD pair trades above the $190.00 level, key resistance is found at the $205.00 and $235.00 levels.

• If the ETHUSD pair trades below the $180.00 level, key support is found at the $170.00 and $165.00 levels.