ETHUSD Targeting $1,500
Ethereum is starting to test towards its all-time price high as Bitcoin firms towards the best levels of the trading month so far. Technical analysis shows that the $1,500 level offers the strongest form of near-term technical resistance. Downside risks prevail, as failure to close the daily price candle above the $1,440 level could result in a major downside reversal in the ETHUSD pair.
The ETHUSD pair is only bullish while trading above the $1,380 level, key resistance is found at the $1,470 and the $1,500 levels.
If the ETHUSD pair trades below the $1,380, sellers may test the $1,280 and $1,000 support levels.