ETHUSD breakout in play
Ethereum is surging higher on Thursday, following a major technical breakout above the $235.00 resistance level earlier this week. A bullish inverted head and shoulders pattern with a large upside target is now in play across the lower time frames. ETHUSD sellers need a series of daily price closes under the $235.00 level to encourage a strong downside technical correction.
The ETHUSD pair is bullish while trading above the $235.00 level, key resistance is found at the $280.00 and the $310.00 levels.
If the ETHUSD pair trades below the $235.00, sellers may test the $215.00 and $195.00 support levels.