is starting to appear uncomfortable above the $300.00 level, with the second largest cryptocurrency unable to make new higher highs on the daily chart
. The ETHUSD
pair could be vulnerable to heavy technical selling if Bitcoin
starts to reverse from the $11,000 level. Overall, unless bulls start to breach the $320.00, the ETHUSD
pair shows real signs that the monthly high may have already been made.
pair is bullish
while trading above the $300.00 level, key resistance is found at the $320.00 and $325.00 levels.
If the ETHUSD
pair trades below the $300.00 level, key support is found at the $290.00 and $280.00 levels.