Ethereum reaches $606

A short while ago the rise for Ethereum (ETHUSD)reached a new 2020 high. The coin rose to as high as $606.13. It has now dropped back from that high and is currently back underneath $600 again. However, the price may yet lift again and under the current circumstances it is hard to put a lid on this one. The move higher since last week has been truly impressive and as with Ripple, just noted in the previous headline, it is difficult to see any technical resistance levels that are nearby the current price. As noted here earlier today the next level of note is at $700. It was stated here earlier today; that maybe a move to $700 would be too ambitious, but given the speed of the price action at times, it may be wrong to actually rule that out. ETHUSD is now trading at 598.35 and the current price action is still extremely rapid