ETH has made very impressive gains over the past few weeks. However, ETH has yet to break out of the bearish range, which is clearly below the purple resistance zone.

This resistance area ranges from $2,000 to $2,150. If ETH fails to break above this resistance level, we cannot declare the bear market over. On the contrary, if this resistance persists, the entire cryptocurrency market is likely to decline.

As the market has shown unusually strong momentum of late, there is a chance that ETH can break above this resistance level. Then there are few obstacles to the cryptocurrency starting a new long-term bullish trend.

Keep an eye on this range as it may prove to be an important one in the near future. #ETH $ETH