Ethereum Ranges after Testing the Overhead Resistance

Nonetheless, if the bears break the support at $157, Ethereum will decline to a low of $144 or $136. As usual, if the bulls defend the support to its fullest, the coin will resume its range-bound movement.

Ethereum is still trading in the bullish trend zone as the EMAs provide support for it to rise. The strength of the bulls is within the lower price range.

Timeline of Ethereum