For the last several months ETH/USD has been taking a turn to the downside as bears in this market have been overtaking this pair. It seems as though we have found a decent support level at 196.25. Although this support level still needs to show and remain true. With that being said the resistance level of 250.00 which is also a major a psychological level is the next target in the scope . If we see bulls surpass this level next level too look for after could be 300. The downside possibility is also very much still a possibility with a downside projection of 160 and can potentially get to 130 if the 160 levels of support are broken.
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