The bulls didn’t let the price to go below 600 twice (point 1 on the screenshot), and actually spent a lot of money, expressed in increased volumes on the chart.
However, we know that bears also have money.
Sales of 500 ETH went through at 23:11 GMT, from 50 to 120 large single orders at 647 USD under one minute (point 2 on the screenshot). We will see soon whether 100 points will be enough for the bears to re-enter ETH at 600 USD. The breakthrough of the level 640-650 will answer positively to this question. The breakthrough of 600 with a target of 530-540 will answer the question negatively.
However, we know that bears also have money.
Sales of 500 ETH went through at 23:11 GMT, from 50 to 120 large single orders at 647 USD under one minute (point 2 on the screenshot). We will see soon whether 100 points will be enough for the bears to re-enter ETH at 600 USD. The breakthrough of the level 640-650 will answer positively to this question. The breakthrough of 600 with a target of 530-540 will answer the question negatively.