ETHUSD PRICE ACTION REMAINS WEAK

Ethereum has started to move higher alongside the broader cryptocurrency market on Friday, although the ETHUSD pair continues to struggle to move away from the $215.00 support level. Price-action also remains weak on the ETHUSD pair, with a potential bearish head and shoulders pattern still looming over the second largest cryptocurrency in the short-term.

The ETHUSD pair is only bullish while trading above the $215.00 level, key resistance is found at the $242.00 and $253.00 levels.

If the ETHUSD pair trades below the $215.00 level, sellers will once again test towards the $200.00 and $183.00 support levels.