Ethereum has found fresh buying interest over the weekend, with the second-largest cryptocurrency advancing towards $200.00 level. If ETHUSD bulls can hold price above the $200.00 level this week, further upside towards the $235.00 level remains possible. Until the upcoming news about two potential Bitcoin Exchange Traded Funds is released, upside gains may slow inside the altcoin space.
If the ETHUSD pair trades above the $190.00 level, key resistance is found at the $205.00 and $235.00 levels. If the ETHUSD pair trades below the $180.00 level, key support is found at the $170.00 and $165.00 levels.