The ETHUSD pair has reversed sharply from the $670.00 resistance zone due to the BTCUSD pair suffering a heavy drop yesterday. A rising price channel on the lower time frames is warning that Ethereum could suffer more losses towards the $570.00 support zone. Traders may attempt to buy the ETHUSD pair around the $570.00 area if an extended price decline below the $600.00 level takes place.
The ETHUSD pair is only bullish while trading above the $630.00 level, key resistance is found at the $670.00 and the $700.00 levels.
If the ETHUSD pair trades below the $630.00, sellers may test the $570.00 and $530.00 support levels
The ETHUSD pair is only bullish while trading above the $630.00 level, key resistance is found at the $670.00 and the $700.00 levels.
If the ETHUSD pair trades below the $630.00, sellers may test the $570.00 and $530.00 support levels
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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.