Like other Crypto, Ethereum
saw a decline in price until it found a support at $562. The pullback couldn't go above 38.2 percent Fibonacci retracement
level of the recent fall from $1414 to $562. We believe that the stronger resistance will be as shown on the chart from the 20-day EMA
and 50-SMA at around $940.
On the other hand, any next fall to $750 and $700 levels will attract the bulls to add some long trades on their positions.
Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns.