Ethereum is under slight downside pressure on Tuesday, following a bearish correction from the just below the $180.00 resistance level. If ETHUSD bulls hold the cryptocurrency above the $155.00 level a rally towards the $200.00 level still remains possible. At this stage, buying dips remains risky, traders may prefer to see the ETHUSD pair holding above the $180.00 level to confirm a new bullish trend.
The ETHUSD pair is bullish while trading above the $155.00 level, key resistance is found at the $180.00 and the $200.00 levels.
If the ETHUSD pair trades below the $155.00, sellers may test the $145.00 and $130.00 support levels.
