ETHUSD still bearish
Ethereum remains under downside pressure on Wednesday after the cryptocurrency failed to recover above the $150.00 resistance level last week. Continued weakness under the $145.00 level could see the ETHUSD pair slipping towards the $130.00 level. Overall, traders have few reasons to be bullish towards the ETHUSD pair while price trades under the $150.00 level.
If the ETHUSD pair trades above the $150.00 level, key resistance is found at the $180.00 and $198.00 levels.
If the ETHUSD pair trades below the $150.00 level, key support is found at the $130.00 and $125.00 levels.