Ethereum Slumps below $500, Faces Strong Rejection at $620 Resistance
On November 24, the price action indicated candlesticks with long wicks. This explains that there is strong selling pressure at higher price levels. As a result of the rejection, the coin slumped to $580 low. Ether downward move resumes after retesting the $600 high. The biggest altcoin has fallen below $500 at the time of writing.
