Ethereum reached the resistance level around $630 on Monday and sold off right away.
Price is now at the support level around $575 and we need see how it reacts from it before making any trading decisions.
If price rallies, we can expect it to reach the resistance level again and possibly head towards the $700 flip zone.
If price breaks through support, it will likely continue towards the next support level around $500.
Good Luck,
CryptoTrendline
Price is now at the support level around $575 and we need see how it reacts from it before making any trading decisions.
If price rallies, we can expect it to reach the resistance level again and possibly head towards the $700 flip zone.
If price breaks through support, it will likely continue towards the next support level around $500.
Good Luck,
CryptoTrendline