Ethereum Above This Confluence Resistance Could Start Strong Increase

The price is facing a strong resistance near the $380 zone and the 100 hourly simple moving average. ETH price broke the key $380 support level and settled below the 100 hourly simple moving average.

An intermediate resistance for Ethereum is near the $378 level and the 100 hourly SMA. The next major support for the bulls is near the $365 level, below which the bears are likely to aim a test of the key $355 support zone in the coming sessions.

Timeline of Ethereum