Ethereum has started to break higher, as the second-largest cryptocurrency finally starts to gain upside momentum above the $400.00 level. Technical analysis shows that a bullish inverted head and shoulders pattern has been activated, following the recent breakout above $395.00. Overall, short and medium-term bulls are likely to target the $450.00 area.
The ETHUSD pair is only bullish while trading above the $380.00 level, key resistance is found at the $430.00 and the $450.00 levels.
If the ETHUSD pair trades below the $380.00, sellers may test the $365.00 and $350.00 support levels.
