Ethereum is starting to trade above its 200-day moving average as the second-largest cryptocurrency by market capitalization turns technically bullish. The $200.00 resistance level is likely to cap any major rallies above the $180.00 level over the short-term. Traders may look to buy the ETHUSD pair on any technical pullbacks towards the $155.00 technical support level.
The ETHUSD pair is only bullish while trading above the $155.00 level, key resistance is found at the $180.00 and the $200.00 levels.
If the ETHUSD pair trades below the $180.00, sellers may test the $165.00 and $155.00 support levels.
