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ETHUSD Breakout In Play

Ethereum is surging higher on Thursday, following a major technical breakout above the $235.00 resistance level earlier this week. A bullish inverted head and shoulders pattern with a large upside target is now in play across the lower time frames. ETHUSD sellers need a series of daily price closes under the $235.00 level to encourage a strong downside technical correction.

The ETHUSD pair is bullish while trading above the $235.00 level, key resistance is found at the $280.00 and the $310.00 levels.

If the ETHUSD pair trades below the $235.00, sellers may test the $215.00 and $195.00 support levels.

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