CryptoTrendline

Ethereum in consolidation

BITFINEX:ETHUSD   Ethereum
Ethereum has been in consolidation the last few days and is still between support and resistance levels.

If price rallies out of the consolidation, we can expect price to reach the resistance around $630 and possibly react from it.
If price breaks the resistance, it will likely continue up to the flip zone around $700.
If we see a breakdown, we can expect a reaction from the support level around $575.

Good Luck,
CryptoTrendline

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.