ETHUSD $205.00 now possible

Ethereum has had a solid start to the month of February, with the second largest cryptocurrency moving closer to the $200.00 resistance barrier. The ETHUSD pair could easily rally towards the $205.00 resistance level before staging a meaningful technical pullback. At this stage, only weakness under the $175.00 level will negate the bullish outlook surrounding the ETHUSD pair.

• The ETHUSD pair is bullish while trading above the $175.00 level, key resistance is found at the $200.00 and the $205.00 levels.

• If the ETHUSD pair trades below the $175.00, sellers may test the $158.00 and $148.00 support levels.

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