Ethereum is struggling to find direction in early Monday trading, with the second largest cryptocurrency trapped in its narrowest four-week trading range in over six months. The Ichimoku cloud on the daily time frame shows that critical support is found at the $124.00 level. Above the current monthly trading high, the Kinjin-sen line offers breakout resistance around the $158.00 level
The ETHUSD pair is only bullish while trading above the $145.00 level, key resistance is found at the $158.00 and $175.00 levels.
If the ETHUSD pair trades below the $130.00 level, key support is found at the $124.00 and $118.00 levels.
