Ethereum remains under heavy downside pressure after breaking under the October monthly trading low, following the broader digital currency market decline. Going forward, continued weakness below the $150.00 level will be bad for ETHUSD trading sentiment. Bulls need to stage a major rally above the $180.00 level to encourage traders to buy ETHUSD again.
• If the ETHUSD pair trades above the $150.00 level, key resistance is found at the $180.00 and $198.00 levels.
• If the ETHUSD pair trades below the $150.00 level, key support is found at the $143.00 and $125.00 levels.
• If the ETHUSD pair trades above the $150.00 level, key resistance is found at the $180.00 and $198.00 levels.
• If the ETHUSD pair trades below the $150.00 level, key support is found at the $143.00 and $125.00 levels.
