Ethereum is trading at $388, right above a crucial resistance level at $385. Many ETH fundamentals are currently bullish and will help the digital asset. A few hours ago, we posted an article about Ethereum and its vital fundamental metrics. ETH was trading at around $380, right below a significant resistance level at $385, which has broken now. Ethereum’s In and Out of the Money data Source: IntoTheBlock The next critical resistance point is $390, but the IOMAP chart clearly shows there is practically no resistance even until $433. ETH/USD daily chart The smart contracts giant is close to breaking out of the triangle pattern but will also run into the 50-MA resistance level at $390.7 and the high of $390.43. The amount of resistance above $390 is still reasonably low since we reported it, which means bulls have a clear way into $400 and above. ETH/USD 4-hour chart Ethereum seems to breaking out as well after cracking the $385 level; however, there is still some resistance ahead at $390. This resistance level is also close to the 200-MA at $391.94. It’s certainly not surprising seeing Ethereum move up as the number of whales has been increasing since September 10, as we saw this morning. On the other hand, a clear rejection from $390, forming a double top could be the spark that bears need to take the lead and push Ethereum back to $355. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next USD/CAD is moving back to the previous consolidation mid point off the back of the oil move FX Street 2 years Ethereum is trading at $388, right above a crucial resistance level at $385. Many ETH fundamentals are currently bullish and will help the digital asset. A few hours ago, we posted an article about Ethereum and its vital fundamental metrics. ETH was trading at around $380, right below a significant resistance level at $385, which has broken now. Ethereum's In and Out of the Money data Source: IntoTheBlock The next critical resistance point is $390, but the IOMAP chart clearly shows there is practically no resistance even until $433. ETH/USD daily chart The smart contracts giant is close to breaking… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.