- ETH price revives 40% off low of $1700
- Bulls attempt to break 45 day channel
- 6 month trend is the most important mark for price to regain
ETH price has been following the path of BTC the last month as the market has stayed within a small range awaiting a breakout. Anticipation of Ethereum’s EIP 1559 update this month has investors taking a bullish stance that ETH will review back above important resistance of $2500. At the time of writing, ETH price is attempting a breakout above its channel resistance that has failed near 4 times the last month.