ETHUSD PRICE RANGE NARROWS

Ethereum continues to trade below the $200.00 support level, with the recent price range of the ETHUSD pair narrowing to just $10.00. The well-defined triangle pattern indicates that a projected $80.00 move may occur once a clear technical happens. Sellers will likely attempt a downside break of the $190.00 support level, while buyers need to move price the $200.00 resistance level.

The ETHUSD pair is only intraday bullish while trading above the $200.00 level, key resistance is found at the $225.00 and $250.00 levels.

If the ETHUSD pair trades below the $190.00 level, sellers may test towards the $180.00 and $158.00 support levels.