Ethereum is trapped in a tight range on Friday with market participants awaiting a spike in cryptocurrency trading volumes. The ETHUSD pair is trading within an ascending triangle pattern on the four-hour time frame, with the bullish pattern showing a $30.00 projection. Buyers need to clearly break the $220.00 resistance level while sellers need to cleanly break the 192.00 support level.
The ETHUSD pair is only bullish while trading above the $220.00 level, key resistance is found at the $240.00 and $255.00 levels.
If the ETHUSD pair moves below the $192.00 level, sellers may test towards the $183.00 and $168.00 support levels.