ETHUSD Breaks $1,000
Ethereum is surging higher on Monday, with second-largest cryptocurrency easily breaking past the psychological $1,000 resistance level. Technical analysis shows that ETHUSD bulls could be targeting the cryptocurrencies all-time high, around the $1,400 level. The monthly time frame shows than an extremely large bullish reversal pattern will form if the ETHUSD pair reaches the $1,400 level.
The ETHUSD pair is only bullish while trading above the $900.00 level, key resistance is found at the $1,200.00 and the $1,400.00 levels.
If the ETHUSD pair trades below the $900.00, sellers may test the $830.00 and $770.00 support levels.