ETHUSD STRUGGLING FOR DIRECTION
The ETHUSD pair continues to struggle for direction, despite short-term buyers holding price above the symmetrical triangle pattern . Upside momentum is still lacking for Ethereum , as the broader cryptocurrency market struggles in a low volume trading environment. Buyers will need to move price above $242.00 to accelerate buying, while short-term sellers will aim to take back control below the triangle pattern .
The ETHUSD pair is only intraday bullish while trading above the triangle pattern , key resistance is found at the $230.00 and $242.00 levels.
If the ETHUSD pair trades below the triangle pattern , sellers are likely to target the $198.00 and $182.00 support levels.