Ethereum has rallied towards the $390.00 resistance level after Bitcoin made a sudden $300.00 rally towards the $11,500 technical area. A bullish pattern on the lower time frames has just formed and is warning of a coming rally in ETHUSD towards the $450.00 area. A breakout above the $400.00 resistance level is set to increase technical buying towards the ETHUSD pair.
The ETHUSD pair is only bullish while trading above the $370.00 level, key resistance is found at the $395.00 and the $415.00 levels.
If the ETHUSD pair trades below the $370.00, sellers may test the $365.00 and $350.00 support levels.
