$1000 could prove to be a crucial psychological level for Ethereum. The recovery of the 2nd most popular cryptocurrency has provided plenty of optimism over the last two weeks, for those that believe in the crypto project. Epecially as its drop compared to the rest of the crypto world wasn't so big. But it's at times like these that trends are tested and bulls (also known as hodlers in the crypto community) and bears struggle for control of the price. The $1000 area is a battleground that could prove to be pivotal and has the potential to act either as a support or resistance level in the near term.