ETH2.0 deposits are now at 67% of the threshold whereas it was only 50% a few hours ago. The TVL of most of the DeFi projects has significantly decreased today, because the whales are removing their ETH from these protocols to stake ETH2.0.

Therefore, ETH might continue to grow since it is now likely that the threshold will be reached this week. Furthermore, as ETH is already bullish now, we can imagine how bullish it will be when we are at 80%... At 100% the announcement effect could boost it even higher up to $700.

However, ETH has first to stay long enough above $600, the next resistance. If it passes this resistance, it will then move towards $700.