Ethereum (ETHUSD) rise continue closer to $600

Following on from an earlier update here on the progress of Ethereum (ETHUSD) the price has risen more this morning. Ether has now risen to a new 2020 high at $593.19. That is also its highest level since June 6 2018. Cleary $600 is likely to provide some psychological resistance today but above that price point the next level of note is not until $700. Given the large rise since last week, it might be asking too much to see this reach that $700 level this week. However, such is the dynamic nature of the current move higher, it might be unwise to rule out further upside. ETHUSD is now close to its new 2020 highs this morning and is currently trading at $592.50