Ethereum has had a solid start to the month of February, with the second largest cryptocurrency moving closer to the $200.00 resistance barrier. The ETHUSD pair could easily rally towards the $205.00 resistance level before staging a meaningful technical pullback. At this stage, only weakness under the $175.00 level will negate the bullish outlook surrounding the ETHUSD pair.

The ETHUSD pair is bullish while trading above the $175.00 level, key resistance is found at the $200.00 and the $205.00 levels.

If the ETHUSD pair trades below the $175.00, sellers may test the $158.00 and $148.00 support levels.