Ethereum has noted gains of 15.5% in the past three weeks. The defense of the $1160-$1180 region before Christmas was followed by a slow but steady ascent for the altcoin giant. At the time of writing, both Ethereum and Bitcoin traded close to significant resistance levels.

Ethereum bulls face stern opposition at $1360, and Bitcoin also had a mountain to climb at $17.6k. A successful conquest could mean the rest of January could be bullish as well.

Since November, Ethereum has traded within a range from $1350 and $1072. At press time, the price was making gains toward the range high. Not only has it served as resistance over the past month but it was also the area where a bearish breaker from late October lies. This breaker, if breached and retested, would be a strong sign of bullish intent from the buyers.