Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.
Ethereum saw a recovery from last fall to $565. Now, it faces resistance from the 20-day EMA. If Ethereum manages to clear the 20-day EMA, a move to $1000 level is possible. Since this level is the 50 percent Fibonacci retracement level of the recent fall from $1425 to $560 and where 50-day SMA is located now, Ethereum is likely to face a strong resistance from that level.
If the bulls succeed to carry Ethereum above $1000 level, the new target will be the resistance downtrend line.
Conversely, $770 level is a good support for any dips.
