ETHUSD STRUGGLING WITH $200.00 BENCHMARK

Ethereum is back under selling pressure below the $200.00 level, after briefly spike higher alongside the broader cryptocurrency market on Monday. The ETHUSD pair is at risk of slipping lower towards the $179.00 support level while trading below the $200.00 level. Buyers will need to move price back above the $240.00 level to regain short-term control of pair.

The ETHUSD pair is bullish while trading above the $240.00 level, key resistance is found at the $250.00 and $272.00 levels.

If the ETHUSD pair holds below the $200.00 level, sellers may test towards the $179.00 and $158.00 support levels.