Ethereum is on the rise alongside a number of top altcoins, as the ongoing recovery in Bitcoin continues to drag the broader cryptocurrency market higher. Short-term bulls now have the upper hand technically, as the ETHUSD pair has traded above the $365.00 level. Technical analysis highlights the $395.00 level as a potential bullish target while the ETHUSD pair trades above the $365.00 level.
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 $330.00 and $300.00 support levels.
