Can bulls keep the price of ETH above $1,700? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum
The rate of Ethereum has risen by 3.56% over the last 24 hours.. In this case, the more likely scenario is a drop to the nearest support around $1,693.
On the daily chart, Ethereum remains bullish until the price is above the support level at $1,655. Currently, one should not expect any sharp moves as the leading altcoin has not accumulated enough power for either growth or fall. On the weekly time frame, $1,700 plays an important role for bulls. However, if the candle closes below it, there are chances to see a drop to the $1,550-$1,600 area within the next few weeks.
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