Ethereum price continued rising throughout Friday’s trading sessions to score a high of $618. After the day’s high was recorded, a downwards price correction attempt pulled Ethereum price down to a day low $576. The market is still moving along the upwards trend line that has been evident since April 10th on the 4 hour ETHUSD chart. Since the 76.4% Fibonacci retracement ($545.17) has been successfully breached, the next strong resistance level lies around $713.24, which corresponds to the 61.8% Fibonacci retracement.
Will the market’s bulls still have the upper hand over the market during the next 24 hours?