Ethereum has had a strong start to the new trading week, as a number of top altcoins finally start to join in the rally alongside Bitcoin. As the ETHUSD pair gather gathers strength above the $450.00 area, the technical analysis highlights that bulls could be preparing for a test of the $490.00 area. If the ETHUSD pair breaks the $490.00 level, then the cryptocurrency could surge towards the $550.00 level.
The ETHUSD pair is only bullish while trading above the $450.00 level, key resistance is found at the $490.00 and the $520.00 levels.
If the ETHUSD pair trades below the $450.00, sellers may test the $440.00 and $4200.00 support levels.
