Ethereum has rallied to a new yearly high this morning, with the ETHUSD pair looking set to challenge towards the $1,400 resistance level. A bullish triangle pattern breakout above the $1,300 level earlier today started the technical rally in the ETHUSD pair. Technical analysis highlights that the ETHUSD pair could surge towards $2,000 if the $1,400 resistance level is breached.
The ETHUSD pair is only bullish while trading above the $1,300 level, key resistance is found at the $1,400 and the $1,600 levels.
If the ETHUSD pair trades below the $1,300, sellers may test the $1,180.00 and $1,070.00 support levels.
