Clarification... The resistance is strong 5 days ahead and then after that it diminishes in strength. The price will probably bounce at the edge of the red area multiple times. It's probably going to be attracted towards it but now allow itself to cross into it. That's how I look at Ethereum currently.
Update could come in a few days with a very different view, but until then this is what I thing decides the market sentiment. So if the price is touching the area it has nowhere else to go but down. Right now it is not touching so I'm not worried...