ETHUSD Quick Bounce
Ethereum has performed a quick technical bounce after briefly dipping below the $700.00 support level in early-week trade. The ongoing exodus from Ripple is also helping to support the ETHUSD pair as traders move into other top cryptocurrencies in the near-term. Technical analysis continues to highlight the $660.00 to $680.00 area as a major buying spotting for ETHUSD bulls.
The ETHUSD pair is only bullish while trading above the $660.00 level, key resistance is found at the $770.00 and the $800.00 levels.
If the ETHUSD pair trades below the $660.00, sellers may test the $630.00 and $570.00 support levels.
Reprinted from ActionForex，the copyright all reserved by the original author.
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