Ethereum is showing signs of price stabilization, following the recent decline in the ETHUSD pair towards the $115.00 support level. ETHUSD buyers need to rally the pair from current levels towards the $158.00 level to create a large bullish reversal pattern. Overall, the upside projection of the pattern suggests a medium-term recovery in the ETHUSD pair towards the $180.00 area.
- If the ETHUSD pair trades above the $150.00 level, key resistance is found at the $158.00 and $180.00 levels.
- If the ETHUSD pair trades below the $150.00 level, key support is found at the $125.00 and $115.00 levels.
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