Ethereum Price Prediction: ETH/USD May Continue to Struggle on Approach to $650
The bears seem to be gaining momentum under the short-term resistance, despite the fact that the coin trades above the 9-day and 21-day moving averages. Moreover, suppose stability comes into the market above this crucial level, the buyers could have time to plan the coin for gains above the $700 resistance level.
On the downside, if the price drops below the 9-day and 21-day moving averages, the coin is likely to locate the critical support at $520 which is a close support level for the bears. Looking at a long-term bear market, the 0.028 BTC, 0.026 BTC, and 0.024 BTC could provide further support levels for the next selling pressure.