ETHUSD rejections weigh
Ethereum is starting to appear technically weak as the second-largest cryptocurrency continues to suffer multiple rejections from the $220.00 to $225.00 resistance area. The major catalyst for ETHSD downside will likely be a breakdown in the BTCUSD pair. Overall, more downside is favored until we see the $225.00 level convincingly broken and the bearish head and shoulders pattern invalidated.
If the ETHUSD pair trades below the $200.00 level, key support is found at the $188.00 and $170.00 levels.
If the ETHUSD pair trades above the $225.00 level, key resistance is found at the $235.00 and $255.00 levels
If the ETHUSD pair trades below the $200.00 level, key support is found at the $188.00 and $170.00 levels.
If the ETHUSD pair trades above the $225.00 level, key resistance is found at the $235.00 and $255.00 levels
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