Ethereum has moved back above the $200.00 level after staging a strong bearish correction from the $228.00 resistance level. The ETHUSD pair could still trade towards the $240.00 resistance level as long as buyers maintain price above the $190.00 support level. A loss of the $190.00 support level could see the ETHUSD pair tumbling back towards the $165.00 technical area.
The ETHUSD pair is only bullish while trading above the $190.00 level, key resistance is found at the $228.00 and the $240.00 levels.
If the ETHUSD pair trades below the $190.00, sellers may test the $180.00 and $165.00 support levels.
