Dec 19 2020

Ethereum Overcomes $620 Resistance but Pauses above Support to Contemplate Next Move

in blog CoinIdol
original entryEthereum Overcomes $620 Resistance but Pauses above Support to Contemplate Next Move

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Ether’s recent breakout above $620 was short-lived as the coin rallied to the $680 resistance zone and pulled back. The pullback was above the previous resistance, now a support level at $620. Presently, Ether is above 80% range of the daily stochastic indicator. It means that the coin has reached the overbought region of the market.

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