The downward trend on the cryptocurrency of ethereum continues. The supply side as a result of dynamic drops has reached another strong level of support located in the price region of $ 570. The buyers have clearly reacted to this area and currently the rebound seems to be a probable scenario.

In the case of the growth scenario, the first serious level of resistance is the downward trend line. A bit higher is an equally strong area of $ 770.

The possible continuation of the southbound traffic does not have too much room to develop falls due to the tightly located support level located around $ 500.
Risk Warning: The content of this analysis is for informational purposes only and does not constitute investment advice.