Ethereum Could Target $700 Next If Bulls Break This Crucial Resistance
Bitcoin has been guiding Ethereum’s price action as of late, which has led ETH to see some immense volatility. One trader is noting that a strong daily candle close between these two levels could be all that is needed for the crypto to see some massive momentum that sends it rocketing up towards $700 in the near-term.
One analyst believes that a daily candle close above $600 could be all it takes for Ethereum to see a massive surge that sends it up towards $700. “ETH / USD: Resistance still being rejected around the $630 region, but honestly, I think if we can see a strong daily close today above $600 then we could start targeting $700’s next.