Ethereum appears increasingly bullish in the near-term, as traders continue to buy into any meaningful price dips in the cryptocurrency. The short-term analysis shows that the pair has staged a breakout from falling price channel and may rally towards the $400.00 area. To the downside, a breakout below the $330.00 level could see the ETHUSD pair testing the $300.00 support area.
The ETHUSD pair is only bullish while trading above the $350.00 level, key resistance is found at the $380.00 and the $400.00 levels.
If the ETHUSD pair trades below the $350.00, sellers may test the $330.00 and $300.00 support levels.
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