ETHUSD $680.00 strong support
Ethereum looks set for further gains this week, although the second-largest crypto may need to attract bulls at lower levels before it heads higher again. Technical analysis shows that the strongest form of technical support for the ETHUSD pair is found at the $680.00 level. Traders are likely to use any technical pullbacks below the $700.00 level as an opportunity to scale into longs, in expectation of further gains.
The ETHUSD pair is only bullish while trading above the $670.00 level, key resistance is found at the $770.00 and the $800.00 levels.
If the ETHUSD pair trades below the $670.00, sellers may test the $630.00 and $570.00 support levels.