Ethereum Rallies Into Resistance: Here’s Why Bulls Are Comfortable

Ethereum Rallies Into Resistance: Here’s Why Bulls Are Comfortable

Ethereum 14

Ethereum rallied more than 5% and it broke the key $370 resistance against the US Dollar. ETH price is struggling to clear the $390 resistance and it is currently correcting lower.

  • Ethereum started a strong increase after forming a key double bottom pattern near $355.
  • The price is up over 5% and it surpassed the $370 barrier and the 100 hourly simple moving average.
  • There was a break above a…
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