Ethereum is once again starting to appear comfortable above the $300.00 level as the second largest cryptocurrency tracks Bitcoin higher. A test of demand around the $335.00 level appears likely if ETHUSD bulls can break above the $315.00 resistance level. A confirmed failure to create a new higher high on the monthly chart may also weigh technically on the ETHUSD pair.
If the ETHUSD pair trades above the $300.00 level, key resistance is found at the $315.00 and $330.00 levels. If the ETHUSD pair trades below the 300.00 level, key support is found at the $290.00 and $280.00 levels.