ETHUSD awaiting reversal
Ethereum is still trading on the defensive on Tuesday, as the pair awaits the next directional move in the broader cryptocurrency market. If bulls can keep price above the $168.00 level, the ETHUSD pair can form a strong reversal pattern. According to the size of the pattern, a move above the $188.00 level this week would take the ETHUSD pair towards the $208.00 level.
• If the ETHUSD pair trades above the $188.00 level, key resistance is found at the $197.00 and $208.00 levels.
• If the ETHUSD pair trades below the $188.00 level, key support is found at the $168.00 and $150.00 levels.
• If the ETHUSD pair trades above the $188.00 level, key resistance is found at the $197.00 and $208.00 levels.
• If the ETHUSD pair trades below the $188.00 level, key support is found at the $168.00 and $150.00 levels.
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