ETHUSD $200.00 CRITICAL

Ethereum is trading with a bearish bias on Monday after almost the entire cryptocurrency market crashed lower over the weekend. Bulls need to reclaim the $225.00 level to provoke a strong push higher back towards the February monthly price high. A failure below the $200.00 level could see the ETHUSD pair sold heavily over the short-term, with the $190.00 level a possible target.

• The ETHUSD pair is only bullish while trading above the $225.00 level, key resistance is found at the $240.00 and the $255.00 levels.

• If the ETHUSD pair trades below the $225.00, sellers may test the $200.00 and $190.00 support levels.