Buy Sell Crypto
AED
Swap
Gift Card
Login

Ether Is Looking Vulnerable and Passing the $600 Mark Looks Tough

News • 2020/12/24 • by
damzylance

After the current increase in the selling price of Etherum, the price also declined. The price has been experiencing positive corrections but passing the $600 looks tough.

Major Signals

  • ETH faced a sharp decline and is currently below the $590 resistance level
  • There could be further decline if ETH doesn’t move upward past $600
  • ETH is facing recovery from the $550 resistance level

The massive decline in the price of ripple causing a bearish trend in Ethereum and Bitcoin markets.

ETH declined also made it sell below $565 support after correcting from $550. The altcoin had a break above the $565 level after the recovery from the $550 low.

ETH/USD pair is currently trying to find its way around the $590 and $595 resistance levels.

If ETH does not overcome the $595 resistance level, we should expect a fresh decline to the $570 resistance.

Do you think ETH can still go past the $600 mark? What will the increase/decrease mean to you?

Comments (1)
Guest
visiblemoney
6 years ago
ETH will not go pass $600 mark at the moment. If it deep further...wise investors would take buy position.
Featured posts
5 Best Bitcoin Mining Software [2020 Update]
Bomb Crypto: A New NFT Game Project
Dogecoin's carbon emissions decreased by 25% as a result of working with Elon Musk
Announcement: Remitano Customer Bill of Rights
Binance Rolls Out A Mining Pool For ETHW With Zero Fee
User rewards
Related posts
News
• 2023/01/18
Dogecoin's carbon emissions decreased by 25% as a result of working with Elon Musk
News
• 2023/01/18
$CRV Overtakes Shiba Inu ($SHIB) as Most Traded Token Among Ethereum Whales Ahead of Expected Shibarium Launch
News
• 2023/01/17
Aopanda, an iconic phenomenon on TikTok, enters Web3.

Our newsletter

The latest cryptocurrency market news, technologies, and help resources.