Crypto-currency market: ETH / USD is near significant support

In recent days, the crypto-currency market has demonstrated a one-way movement against the US currency, which was caused by a number of fundamental factors. At the same time, ETH / USD dropped to a significant support of 520,000, which corresponds to the lower limit of the upward channel. Against the background of breaking off from this level and consolidating above 540,000 it is necessary to expect the resumption of the upward dynamics to the resistance levels: 560.000 and 580.000. Support levels are: 520.000 and 500.000.

ETH / USD Chart. Current price is 523.000

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Dani Levitan