Ethereum is on the rise on Monday, as the second-largest cryptocurrency continues to track Bitcoin and the broader market higher. Technical analysis shows that a bullish reversal pattern will form if the ETHUSD pair reaches the $225.00 resistance level. According to the size of the bullish pattern, the ETHUSD pair could rally towards the $275.00 resistance area over the near-term.
The ETHUSD pair is only bullish while trading above the $190.00 level, key resistance is found at the $225.00 and the $250.00 levels.
If the ETHUSD pair trades below the $190.00, sellers may test the $175.00 and $155.00 support levels.
