- Ethereum price action extends above $330 following a break past the crucial $300 mark.
- ETH/USD is both fundamentally and technically supported for gains past $400.
Ethereum is currently leading the altcoin rally. However, as expected, Ether's is still heavily correlated with Bitcoin price. The break above $280 last week saw bulls hiding in the sidelines join the market in anticipation of a breakout beyond $300 as covered by FXStreet. The weekend session set the bulls apart from the bears as they towered above the cryptocurrency landscape with impressive gains that not only breached the $300 mark but also hit highs above $330.