ETHUSD Hits $1,500
Ethereum has exploded to the upside, with the second-largest cryptocurrency by market capitalization hitting a new all-time high of $1,500. A trader that are bullish towards the ETHUSD pair may wait to see technical confirmation that the ongoing breakout is indeed valid. Bullish technical confirmation will come from multi-day price stabilization above the $1,500 resistance level.
The ETHUSD pair is only bullish while trading above the $1,440 level, key resistance is found at the $1,500 and the $1,570 levels.
If the ETHUSD pair trades below the $1,440, sellers may test the $1,390 and $1,350 support levels.