ETHUSD targeting $200.00

Ethereum has moved to its highest trading level since November 2018 after the ETHUSD performed a strong bullish breakout earlier this week. The ETHUSD pair has now broken above a triangle pattern on the four-hour time frame, with the pattern still holding upside projection of over $50.00. Technical indicators also show the recent move higher is gathering bullish trading momentum.

The ETHUSD pair is bullish while trading above the $160.00 level, key technical resistance is found at the $180.00 and $205.00 levels
If the ETHUSD pair trade below the $160.00 level, key support is found at the $155.00 and $149.00 levels.