Ethereum is under downside pressure alongside the broader cryptocurrency market on Wednesday, although the second-largest cryptocurrency continues to hold the $180.00 level. The ETHUSD pair still stands a respectable chance of recovering towards the $250.00. Overall, a strong upside rally in the BTCUSD pair would be highly advantageous to the ETHUSD pair right now.
• If the ETHUSD pair trades above the $180.00 level, key resistance is found at the $200.00 and $250.00 levels.
• If the ETHUSD pair trades below the $180.00 level, key support is found at the $170.00 and $155.00 levels.
• If the ETHUSD pair trades above the $180.00 level, key resistance is found at the $200.00 and $250.00 levels.
• If the ETHUSD pair trades below the $180.00 level, key support is found at the $170.00 and $155.00 levels.
