Ethereum is starting to turn more bullish over the short-term after breaking above key trendline resistance, around the $125.00 level. The ETHUSD pair could rally towards the $150.00 level now that the pivotal $125.00 resistance level has been overcome. Weakness below the $125.00 level could see the ETHUSD pair falling towards the $115.00 level and possibly lower.
The ETHUSD pair is only bullish while trading above the $125.00 level, key resistance is found at the $140.00 and the $150.00 levels.
If the ETHUSD pair trades below the $125.00, sellers may test the $115.00 and $105.00 support levels.
