Ethereum remains trapped in a narrow price range on Thursday as bulls struggle to move price towards the $238.00 level. The ETHUSD pair continues to trade above its 200-day moving average and should eventually push higher due to the overall bullish trend. The $205.00 level remains the key downside level preventing an extended drop towards the $190.00 area.
The ETHUSD pair is only bullish while trading above the $205.00 level, key resistance is found at the $238.00 and the $255.00 levels.
If the ETHUSD pair trades below the $205.00, sellers may test the $195.00 and $180.00 support levels.
