Ethereum remains well-supported on Thursday as the second-largest cryptocurrency by market capitalization holds steady above the $200.00 level. The $230.00 level is the next major upside target for ETHUSD bulls if price continues to hold above major support. A sustained loss of the psychological $200.00 support level may provoke a key test of the $190.00 support level.
If the ETHUSD pair trades above the $200.00 level, key resistance is found at the $225.00 and $230.00 levels. If the ETHUSD pair trades below the $200.00 level, key support is found at the $190.00 and $185.00 levels.