ETHUSD breaking out
Ethereum is starting to break to the upside in early week trading as the second-largest cryptocurrency tracks Bitcoin and the broader market higher. The $225.00 level remains a possible upside target now that bulls have overcome the pair’s 200-day moving average. Any dips towards the $180.00 area are likely to be seen as dip-buying opportunities for short-term bulls.
The ETHUSD pair is only bullish while trading above the $185.00 level, key resistance is found at the $225.00 and the $240.00 levels.
If the ETHUSD pair trades below the $185.00, sellers may test the $180.00 and $168.00 support levels.