Ethereum is still struggling to find a clear direction, despite the cryptocurrency being technically bullish above its key 200-day moving average. Technical analysis currently indicates that the bullish bias remains in play while price is trading above the $ 200.00 level. A $ 227.00 breakout will confirm a new bullish trend is underway in the ETHUSD pair.
The ETHUSD pair is only bullish while trading above the $ 200.00 level, key resistance is found at $ 227.00 and $ 255.00.
If the ETHUSD pair trades under $ 200.00, sellers can test the support levels of $ 190.00 and $ 175.00.