ETH Retests $600 – Temporary Correction or Momentum Change?
From cryptopotato.com
Last week, Ethereum surged higher after rebounding from $580 to break above $600 on the same day that Bitcoin penetrated $20,000. The coin continued to climb over the following few days but couldn’t break past the $675 resistance (long term .786 Fib Retracement). Over the weekend, ETH struggled to maintain itself above $650 and eventually rolled over to fall as low as $625. This price drop continued today as ETH briefly spiked beneath $600 again. It is currently trading at $614. Looking ahead, if the buyers can hold the $600 support and rebound, the first level of resistance lies at $625. This is followed by $650, ...
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