ETHUSD WATCHING TRIANGLE PATTERN
Ethereum is back under selling pressure below the $191.00 level after finally breaking under the well-defined symmetrical triangle pattern. The second largest cryptocurrency by market capitalization is now trading sideways as traders await confirmation that the recent technical break is sustainable. Sellers need to break the $180.00 support level, while ETHUSD buyers will likely attempt to break the $196.00 resistance level.
The ETHUSD pair is intraday bearish while trading below the $191.00 level, key support is found at the $180.00 and $158.00 levels.
If the ETHUSD pair trades above the $191.00 level, buyers are likely to test towards the $196.00 and $215.00 resistance levels.
The ETHUSD pair is intraday bearish while trading below the $191.00 level, key support is found at the $180.00 and $158.00 levels.
If the ETHUSD pair trades above the $191.00 level, buyers are likely to test towards the $196.00 and $215.00 resistance levels.
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