Ethereum keeps dropping down and is about the reach the flip zone around $700.
Although it has been dropping the last few days the possible scenarios remain the same as yesterday since price has not reached the flip zone yet. If price falls down to the flip zone again, we can expect a new rally up to the resistance around $850. If price rallies from the current levels, we can expect the same resistance to hold price. If price breaks below the flip zone, the next support area is around $630.