Ethereum has fallen back fairly sharply alongside the broader crypto market after buyers failed to overcome the $185.00 resistance level. ETHUSD dip-buyers may enter around the current level in anticipation of a further rally in the cryptocurrency towards the $200.00 area. At this stage, a loss of the $150.00 level would negate the short and medium-term bullish outlook for ETHUSD.
The ETHUSD pair is only bullish while trading above the $175.00 level, key resistance is found at the $185.00 and the $200.00 levels.
If the ETHUSD pair trades below the $175.00, sellers may test the $160.00 and $150.00 support levels.
