ETH on HUOBI dumps - but Ethereum 2.0 on the way!

Ethereum would need to avoid a fall through the pivot level at $590.23 to support a run at the first major resistance level at $630.46.

Support from the broader market would be needed, however, for Ethereum to break out from Monday’s high of $611.43.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of another breakout, Ethereum could test resistance at $650 before any pullback. The second major resistance level sits at $651.66.

Failure to avoid a fall through the $590.23 pivot would bring the first major support level at $569.03 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$550 levels. The second major support level sits at $528.80.

Looking at the Technical Indicators
First Major Support Level: $569.03

Pivot Level: $590.23

First Major Resistance Level: $630.46

23.6% FIB Retracement Level: $486

38.2% FIB Retracement Level: $409

62% FIB Retracement Level: $283