The second largest cryptocurrency by market capitalization is holding onto recent gains on Thursday, following a major rally in the altcoin space. The $178.00 level offers a key challenge for ETHUSD bulls looking to target the $200.00 resistance level. Watch out for a potential pullback towards the $145.00 support level if buyers fail to reach or gain traction above the $178.00 area.
The ETHUSD pair is bullish while trading above the $145.00 level, key resistance is found at the $178.00 and the $200.00 levels.
If the ETHUSD pair trades below the $145.00, sellers may test the $135.00 and $125.00 support levels.
