ETHUSD $1,600 cleared
Ethereum is continuing its recent breakout to the upside as the second-largest digital asset continues to move above big psychological numbers. Technical analysis shows that a bullish cup and handle pattern on the weekly time frame is now fully in play. Traders that are bearish towards the ETHUSD need to see a daily price close under the $1,440 level to consider selling the current rally.
The ETHUSD pair is only bullish while trading above the $1,440 level, key resistance is found at the $1,680 and the $1,750 levels.
If the ETHUSD pair trades below the $1,440, sellers may test the $1,390 and $1,350 support levels.