ETHUSD Watching $640.00
Ethereum is starting to firm above the $600.00 level as buying interest for the second-largest cryptocurrency remains strong going into the weekend. Technical analysis shows that the ETHUSD pair could start its ascent towards $700.00 area if the $640.00 resistance level is broken. To the downside, ETHUSD bears need to break the $560.00 level to encourage fresh sellers into the market.
The ETHUSD pair is only bullish while trading above the $580.00 level, key resistance is found at the $640.00 and the $700.00 levels.
If the ETHUSD pair trades below the $580.00, sellers may test the $560.00 and $530.00 support levels.