After the period in which the ethereum quotations were in a quite strong downward trend, there is a high probability that the second part of the week will be marked by at least short-term increases. All thanks to the support level in the price region of 500 dollars, from which the price is reflected.
A possible development of the growth scenario assumes reaching the price at least in the vicinity of the local resistance of $ 630, which is defined on the basis of the principle of changing poles.
I assess the maximum coverage for potential northbound is the area of the downward trend line.
Risk Warning: The content of this analysis is for informational purposes only and does not constitute investment advice.