ETHUSD downside risks grow
Ethereum continues to move away from the $170.00 resistance level as altcoins start to give back last weeks strong trading gains. The ETHUSD pair could decline back towards the $145.00 level if the cryptocurrency starts to weaken below the $155.00 support level. Overall, the next major directional move in Bitcoin should decide whether Ethereum hits $145.00 or $200.00.
The ETHUSD pair is bullish while trading above the $155.00 level, key resistance is found at the $180.00 and the $200.00 levels.
If the ETHUSD pair trades below the $155.00, sellers may test the $145.00 and $130.00 support levels.