Ethereum has started the new trading week under pressure after the second-largest cryptocurrency suffered a heavy rejection from the $1,400 level. The ETHUSD pair could fall towards the $1,000 support area if weakness persists below the $1,340 area. Failure to hold the ETHUSD pair below the $1,340 could result in a short-term technical rebound towards the $1,360 level.
The ETHUSD pair is only bullish while trading above the $1,340 level, key resistance is found at the $1,360 and the $1,380 levels.
If the ETHUSD pair trades below the $1,340, sellers may test the $1,180 and $1,000 support levels.
