Thu, Feb 25, 2021 @ 10:27 GMT
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ETHUSD Turning Bearish

Ethereum has failed to recover above the $1,400 resistance level, placing the second-largest cryptocurrency in a difficult technical position. Traders that are bearish towards the ETHUSD pair may look for multiple daily price closes below the $1,340 level before initiating sell positions. To the upside, multi-day price stabilization above the $1,400 level should be considered extremely bullish.

The ETHUSD pair is only bullish while trading above the $1,340 level, key resistance is found at the $1,400 and the $1,440 levels.

If the ETHUSD pair trades below the $1,340, sellers may test the $1,200 and $1,000.00 support levels.

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