ETHUSD remains key
Ethereum continues to trade with a positive short-term bias, following yesterday’s rally in Bitcoin towards the $9,400 resistance area. ETHUSD bulls could be preparing to attack towards the $250.00 resistance level, although the $300.00 level remains the wider bullish target. Overall, the ETHUSD pair has a strong short-term trading bias while price holds above the $240.00 support level.
The ETHUSD pair is only bullish while trading above the $240.00 level, key resistance is found at the $250.00 and the $300.00 levels.
If the ETHUSD pair trades below the $240.00 level, sellers may test the $230.00 and $217.00 levels.