ETHUSD bearish below $150.00

Ethereum has started the week under mild downside pressure after being strongly rejected from the $150.00 resistance level on Friday. ETHUSD sellers could test back towards the $105.00 level if a confirmed breakout below the pivotal $125.00 support level takes place. A strong move above the $150.00 level could see the ETHUSD pair rallying towards the pairs 200-day moving average, around the $175.00 level.

• The ETHUSD pair is only bullish while trading above the $150.00 level, key resistance is found at the $160.00 and the $175.00 levels.

• If the ETHUSD pair trades below the $150.00, sellers may test the $125.00 and $105.00 support levels.