Last week, we thought that although ETH had some distance away from its previous resistance level , it changed to fall with the strengthening of the bears and destroyed the support level at the weekend. The powerful support (2360) will be re-tested. Up close, the bearish power is stronger than BTC . The bulls and bears will make a fierce battle this week.
Conclusion:Mostly fluctuation. Though the bearish power is increasing over the weekend, the support below is also stable. Unlike BTC’s fluctuate in a wide range, ETH is likely to fluctuate in a narrow range above the support level . Based on this situation, we adjust the resistance level to 2670 and maintain the strong support level at 2360.

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