Ethereum has found strong buying interest as bullish MACD price divergence causes price to surge back above the $200.00 level. The ETHUSD pair has now recovered over thirty percent of its market value after finding support from the $155.00 level earlier this week. Buyers will look to target the $220.00 level, while sellers will attempt to push the ETHUSD pair back under the $200.00 level.
The ETHUSD pair is bullish while trading above the $200.00 level, key resistance is found at the $220.00 and $240.00 levels.
If the ETHUSD pair moves below the $200.00 level, sellers may test towards the $180.00 and $172.00 support levels.