ETHUSD bullish bias
Ethereum is performing fairly well despite the recent heavy losses seen across the broader cryptocurrency market this week. Continued gains above the $180.00 level are now needed to challenge towards the top of the ETHUSD pair’s short-term trading range. Crypto market sentiment is still weak at present, although the altcoin space appears to be performing better than Bitcoin at present.
If the ETHUSD pair trades above the $180.00 level, key resistance is found at the $200.00 and $250.00 levels.
If the ETHUSD pair trades below the $180.00 level, key support is found at the $170.00 and $155.00 levels.