Ethereum rallied on Thursday and closed just above the $500 resistance level.
Price is now at an important support/resistance level so we need to see whether the buyers or the sellers will take control.
If price rallies up to the $575 resistance area (previous support), we can expect a reaction and possibly the drop to resume.
If the drop resumes from the current levels, we can expect price to reach at least $400, where we can see a reaction.
Good Luck,
CryptoTrendline
Price is now at an important support/resistance level so we need to see whether the buyers or the sellers will take control.
If price rallies up to the $575 resistance area (previous support), we can expect a reaction and possibly the drop to resume.
If the drop resumes from the current levels, we can expect price to reach at least $400, where we can see a reaction.
Good Luck,
CryptoTrendline