In the last 48 hours, BTC, ETH, XRP, and other top altcoins recorded gains. The gain saw ETH pass the $620 and $630 resistance level. ETH traded above $650, but corrections happening have brought ETH down to above $630 level.
Major signals
- ETH price had a drastic upward movement after going past the $620 resistance
- $638 looks more like the major support
- The current $640 is not permanent as ETH can continue another upward movement
The price swing resulted in a strong move, leading ETH to break the $650 resistance. Etheruem reached a new monthly high at $676 before the downward correction to $650.
If ETH beats the $652 resistance level, there could be a rally, and the $700 resistance level could be tested. On the contrary, a dip could take ETH down to $620.
Are you expecting an upward movement or a dip? Share your opinion in the comment box.
