ETHUSD Bulls in control
Ethereum is back on the rise after buyers rallied the cryptocurrency back above the technically important $400.00 resistance level. Technical analysis shows that if ETHUSD bulls hold price above the $420.00 level then a rally towards the $445.00 level should be expected. The medium-term analysis highlights the $445.00 level as an important pivot point for the ETHUSD pair.
The ETHUSD pair is only bullish while trading above the $380.00 level, key resistance is found at the $420.00 and the $445.00 levels.
If the ETHUSD pair trades below the $380.00, sellers may test the $370.00 and $365.00 support levels.