ETHUSD still bearish
Ethereum remains bearish alongside the broader cryptocurrency on Monday, following another negative weekly price close under the $150.00 level. The second-largest cryptocurrency could start to fall towards the $125.00 level if the $137.00 support level is broken this week. Sustained weakness in the BTCUSD pair appears to be translating into more downside for ETHUSD pair.
If the ETHUSD pair trades above the $150.00 level, key resistance is found at the $158.00 and $170.00 levels.
If the ETHUSD pair trades below the $150.00 level, key support is found at the $137.00 and $125.00 levels.