Ethereum has rallied to a new all-time price high after the second-largest cryptocurrency broke past the pivotal $1,400 resistance level and traded to $1,475. Former key resistance now becomes support, with daily price closes around the $1,440 level now key for further upside in the ETHUSD pair. To the downside, a daily price close below the $1,340 level should be considered bearish.
The ETHUSD pair is only bullish while trading above the $1,340 level, key resistance is found at the $1,440 and the $1,475 levels.
If the ETHUSD pair trades below the $1,340, sellers may test the $1,220 and $1,100.00 support levels.
