ETHUSD DOWNSIDE RISKS BUILD
Ethereum is struggling to break above the $250.00 resistance level on Tuesday, following last week reversal in the cryptocurrency market. A correction back towards the $225.00 support area remains possible while price trades below the $250.00 level. A breakout above last weeks trading high could see the ETHUSD pair rally towards the $350.00 level over the medium-term.
- The ETHUSD pair is only bullish while trading above the $230.00 level, key resistance is found at the $250.00 and the $280.00 levels.
- If the ETHUSD pair trades below the $230.00, sellers may test the $2250.00 and $218.00 support levels.