Ethereum consolidated around the $500 support level following the drop on Sunday.
The possible scenarios remain the same as yesterday since there was little change in price on Monday.
If price rallies, we can expect a reaction from the resistance (previous support) around $575.
If price continues to drop, we can expect it to reach the next support area around $400.
Good Luck,
CryptoTrendline
The possible scenarios remain the same as yesterday since there was little change in price on Monday.
If price rallies, we can expect a reaction from the resistance (previous support) around $575.
If price continues to drop, we can expect it to reach the next support area around $400.
Good Luck,
CryptoTrendline