ETHUSD $285.00 breakout resistance

Ethereum has moved within touching distance of the $280.00 resistance level as the ETHUSD pair finally starts to follow Bitcoin higher. If bulls can breach the $285.00 level a bullish breakout towards the $320.00 level appears the most likely scenario. Traders should track the action on the BTCUSD pair as it is starting to have a strong correlation with other top digital assets.

If the ETHUSD pair trades above the $285.00 level, key resistance is found at the $300.00 and $320.00 levels.
If the ETHUSD pair fails from the $280.00 level, key support is found at the $255.00 and $235.00 levels.