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ETH's Price Sits above the $700 with Chances to Go beyound $760

News • 2020/12/27 • by

damzylance

ETH formed support above 620 dollars for a while and is moving up and now going past the 700 USD mark.

Now Ethereum's settled nicely above 700 dollars, and has chances to do better.

Major Signals

There is a strong increase in ETH as it beats the 650-680 resistance level

ETH now trading above 700 dollar

There are chances that ETH/USD could trade about 650-765 level

Any fall in ETH might take it back to the 655 support level

ETH has been doing nicely in recent days and went past the 650 USD resistance level. The impressive run took it beyond the 680 and 700 dollar resistance level.

ETH has reached another new yearly high of 717 USD, and it has the potential to trade far above 750 USD. More support is forming above and below.

The downside support would start from 690 USD, and on the upside, the major hurdle that needs to be passed is the 718 to 720 resistance level. If ETH could break above the 720 resistance level, more increases should be expected, and ETH could go past 765 USD.

What is the next step for ETH?