ETHUSD $165.00 support
Ethereum is struggling to overcome its 200-day moving average in early-week trading, despite the recent sharp rally in the second-largest cryptocurrency by market capitalization. The ETHUSD pair could fall back towards the $165.00 support level if they fail to close the daily candle above the $185.00 level. ETHUSD dip-buyers could be ready to enter the market if a technical pullback does occur.
The ETHUSD pair is only bullish while trading above the $175.00 level, key resistance is found at the $185.00 and the $200.00 levels.
If the ETHUSD pair trades below the $175.00, sellers may test the $165.00 and $158.00 support levels.