Ethereum is attempting to recover higher alongside Bitcoin, after the $300.00 level held during the recent price plunge in the cryptocurrency. ETHUSD bulls now need to close the daily and weekly candle above the $365.00 level to encourage further technical buying. Failure to reclaim the $365.00 level could provoke another downside attack towards the $300.00 support barrier.
The ETHUSD pair is only bullish while trading above the $365.00 level, key resistance is found at the $395.00 and the $415.00 levels.
If the ETHUSD pair trades below the $365.00, sellers may test the $300.00 and $275.00 support levels.
