Ethereum Bears Keeps Fighting, Why ETH Could Correct Sharply

News • 2020/12/17 • by

Ethereum could experience a downfall if it breaks the support line of $575.

Although ethereum has tried for the past two days to beat the $594, $595, and $600, it appeared it couldn't move higher than $565

Major Signals

Ethereum is still trading below the $600 resistance level

The $580 support zone looks strong, and anything above that could take ETH to $620

If the movement is downward, ETH could go below the $575 support level

In the last 48 hours, ETH's movement has been positive to go past the $600 level. If ETH stays above the $575 and $580 support level, there are chances that it could new heights if the upward movement continues.

The major resistance is around the $595 region. A break beyond $600 resistance may set the path for a continuous upward trend.

Will you be glad to see ETH trade above the $620 level? Share your opinion in the comment box.