Ethereum Price Analysis & Overview December 25th:
Ethereum is down by 42.5% over the past week but surged by 4% today, which allowed it to reach $615.
Last Friday, the coin battled to break past the $660 level, which made the coin turn over and head lower.
It kept on falling consistently and even spiked as low as $550 on Wednesday. Fortunately, the purchasers pulled together to permit Wednesday's every day flame to close above $580, keeping it over a 2-month-old rising pattern line.
From that point, ETH kept on bouncing back as it crushed spirit above $600 yesterday and kept on arriving at the current $626 level today, however it has diminished somewhat after that.
Looking forward, if the purchasers keep on pushing higher, opposition lies at $650, $660, $675 (bearish .786 Fib Retracement), and $700. Past $700, obstruction is found at $720, $733, and $751 (bearish .886 Fib).
On the opposite side, the initial two help levels lie at $600 and the 2-month-old rising pattern line. Underneath the pattern line, uphold is found at $580 (.5 Fib), $556 (.618 Fib), and $530 (December lows).