Ethereum has soared to a fresh 2020 trading high over the weekend, with the second-largest cryptocurrency reaching the $230.00 level. Going forward, a breakout above the $235.00 level could spark further technical buying towards the $255.00 resistance area. Bearish MACD price divergence is currently warning that a correction back towards the $190.00 may soon occur.
The ETHUSD pair is bullish while trading above the $215.00 level, key resistance is found at the $235.00 and the $255.00 levels.
If the ETHUSD pair trades below the $215.00, sellers may test the $205.00 and $190.00 support levels.
