For the first time Ethereum (ETH) assets managed to cross the $ 500 level on Friday, jumping to the $ 511 resistance.
On Saturday also ETH remained violent to a higher level, surpassing the $ 548 resistance before reaching its 30-month high and the highest price since June 2018, $ 568.50 on Sunday.
At the time of writing, ETH is still maintaining its momentum with a price increase to $ 579.
This means the closest resistance level is expected to be at $ 580 followed by resistance at the $ 600 level. If this asset manages to overcome the two obstacles, indirectly the next resistance at the level of $ 620, $ 650 and $ 675 will be the focus.
Also on Friday, Ethereum price against Bitcoin on the ETH / BTC chart recovered from a 6-month low of 0.0265 BTC before rising to 0.0295 BTC yesterday testing the 200-day EMA barrier.
The surge successfully pushed Ethereum past the shrinking record in 3 months.
Buyers are seen pushing the price above the 200-day EMA to reach the resistance of 0.03 BTC to reach the resistance level at 0.0305 BTC (100-days EMA).
If the surge manages to pass the 100-day EMA resistance, the first resistance is expected to be at 0.313 BTC before the higher resistance, 0.032 BTC, 0.033 BTC and 0.0337 BTC.
Analysts expect a steady surge in ETH prices throughout the week on a number of factors including the launch of ETH 2.0, the development of the DeFi platform (centralized finance) and technical resistance towards $ 700.
