ETHUSD BACK UNDER PRESSURE BELOW $200.00
Ethereum continues to erase early week gains, with the second largest cryptocurrency by market capitalization once again trading below the $200.00 support level. The broader cryptocurrency market is also under mild selling pressure on Friday amidst record low volatility. Sellers will likely target the $182.00 support level to accelerate ETHUSD losses, while intraday buyers need to stabilize price above the $200.00 resistance level.
The ETHUSD pair is bearish while trading below the $200.00 level, key support is found at the $180.00 and $175.00 levels.
If the ETHUSD pair trades above the $200.00 level, key resistance is then found at the $215.00 and $224.00 levels.
The ETHUSD pair is bearish while trading below the $200.00 level, key support is found at the $180.00 and $175.00 levels.
If the ETHUSD pair trades above the $200.00 level, key resistance is then found at the $215.00 and $224.00 levels.
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