Ethereum has finally broken above key short-term technical resistance and may be set to attack towards the $175.00 resistance level. Continued gains above the $155.00 level could see the ETHUSD testing towards its key 200-day moving average this week. A loss of the pivotal $155.00 level may result in the ETHUSD pair falling back towards critical support, around the $140.00 level.
The ETHUSD pair is only bullish while trading above the $155.00 level, key resistance is found at the $175.00 and the $180.00 levels.
If the ETHUSD pair trades below the $155.00, sellers may test the $140.00 and $130.00 support levels.
