Ethereum Bulls Are Unrelenting, Battles $400 Overhead Resistance

Today, ETH is trading at $389 as the market continues its fluctuation below the $400 resistance. On the upside, a strong bounce above the current support will propel the price to break the $400 resistance.

The market tends to rise if price breaks and closes above the resistance line of the ascending channel. Similarly, ETH will fall if the price breaks and closes below the support line.

Timeline of Ethereum