Ethereum is starting to challenge the best levels of the year after Bitcoin rallied back towards the $40,000 level yesterday. Technical analysis highlights the $1,400 resistance area as a likely short-term target for ETHUSD bulls over the coming days. Failure to make a new monthly and yearly trading high could cause the ETHUSD pair to fall back towards the $1,000 level.
The ETHUSD pair is only bullish while trading above the $1,070 level, key resistance is found at the $1,300 and the $1,400 levels.
If the ETHUSD pair trades below the $1,070, sellers may test the $1000.00 and $930.00 support levels.
