ETHUSD HOLDING TRENDLINE SUPPORT
Ethereum continues to struggle for direction, as the second largest cryptocurrency by market capitalizations remains trapped in a narrow trading range. Sellers need to clearly break trendline support around the $210.00 level, while buyers need to move price above the $242.00 resistance level. The bearish head and shoulders pattern still remains valid and holds a $90.00 downside projection.
The ETHUSD pair is only bullish while trading above the $210.00 level, key resistance is found at the $242.00 and $260.00 levels.
If the ETHUSD pair trades below the $210.00 level, sellers are likely to test towards the $200.00 and $183.00 support levels.
The ETHUSD pair is only bullish while trading above the $210.00 level, key resistance is found at the $242.00 and $260.00 levels.
If the ETHUSD pair trades below the $210.00 level, sellers are likely to test towards the $200.00 and $183.00 support levels.
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