With the end of the current month, we can see a marked recovery on virtually all crypts, including ethereum. Currently, after breaking the downward trend line, the demand side managed to continue moving towards the north, which resulted in reaching the price around the local support level of $ 640 for the ethereum. Due to the strength of this resistance, at least a short-term recovery is possible.
If we see a breakthrough of the currently tested level, another strong area will open to attack, located in the price region of $ 780. Above, the key geometry of 100% falls out, which is additional confirmation of the above-mentioned level.
In the event of breaking down the lower limit of the price channel, we can probably witness a greater downward rebound. The maximum range for bears is $ 570.