Ethereum has rallied back above the $600.00 level as the second-largest cryptocurrency closely track the price movements of Bitcoin. ETHUSD bulls now need to crack the $640.00 resistance level in order to encourage a major push towards the $700.00 resistance zone. Higher time frame analysis shows that it is possible that the ETHUSD pair could reach $770.00.
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.
