Ethereum is attempting to stabilize after the entire cryptocurrency market came under heavy selling pressure on Monday. The ETHUSD pair remains technically bullish above its 200-day moving average while trading above the $180.00 support level. Bulls need to rally price above the $225.00 level to encourage short-term technical buying towards the ETHUSD pair.
The ETHUSD pair is only bullish while trading above the $225.00 level, key resistance is found at the $240.00 and the $255.00 levels.
If the ETHUSD pair trades below the $225.00, sellers may test the $190.00 and $180.00 support levels.
