Ethereum has once again moved above the psychological $200.00 level, after finding strong technical support from the $183.00 level on Monday. ETHUSD buyers now need to break the $225.00 level, while sellers need to create a fresh weekly trading low. It is worth noting that the ETHUSD pair recorded its largest buying volumes of the year last week, following the second largest cryptocurrencies decline to $158.00.
The ETHUSD pair is only bullish while trading above the $200.00 level, key resistance is found at the $216.00 and $225.00 levels.
If the ETHUSD pair moves below the $200.00 level, sellers may test towards the $183.00 and $170.00 support levels.