Ethereum continues to face bearish pressure as it fails to withhold USD and Bitcoin. Ethereum to USD trading pair can trade below $ 600.00 if anything does not improve. This week, the $ 610.00 resistance does not hold the price against the USD. There is currently significant resistance near $ 600.00.
What do you think?
Its pretty obvious, that the price didn't hold that long. The last significant value is around $650 but I didn't expect the price to plummet before $600 very quick. And I thought that it will bounce back around $600 3 days ago, unfortunately it didn't really hold and it might go to $500 levels for a long time before making any breakout run. Oh well, nothing much we can do but to hold on it and hope something will sway investors to flock the market again.