Ethereum is starting to appear increasingly bullish above the $400.00 level as the second-largest crypto finally starts to rally alongside Bitcoin. A sustained breakout above the $420.00 level could see the ETHUSD pair surging towards the $475.00 level, and possibly even higher. Traders that are bearish towards the ETHUSD pair need to see the cryptocurrency weakening below the $470.00 to encouraged technical selling.
The ETHUSD pair is only bullish while trading above the $400.00 level, key resistance is found at the $420.00 and the $445.00 levels.
If the ETHUSD pair trades below the $400.00, sellers may test the $390.00 and $370.00 support levels.
