Ethereum is tracking Bitcoin higher on Friday, as the momentum behind the recovery above the $140.00 level appears fairly strong. Bulls need to move price above the $155.00 level to encourage more technical buying towards the $175.00 level. A daily price close below the $140.00 level should be considered extremely bearish for the ETHUSD pair over the short-term.
The ETHUSD pair is only bullish while trading above the $140.00 level, key resistance is found at the $155.00 and the $175.00 levels.
If the ETHUSD pair trades below the $140.00, sellers may test the $125.00 and $100.00 support levels.
