$ETH After forming a base above the $642 level, BNB price started a fresh increase. There was a move above the $650 and $655 resistance levels, like Ethereum and Bitcoin.

There was a decent move above the 50% Fib retracement level of the recent decline from the $671 swing high to the $642 low. Besides, there was a break above a connecting bearish trend line with resistance at $652 on the hourly chart of the BNB/USD pair.

The price is now trading above $655 and the 100-hourly simple moving average. On the upside, the price could face resistance near the $660 level. It is close to the 61.8% Fib retracement level of the recent decline from the $671 swing high to the $642 low.

The next resistance sits near the $670 level. A clear move above the $670 zone could send the price higher. In the stated case, BNB price could test $678. A close above the $678 resistance might set the pace for a larger move toward the $685 resistance. Any more gains might call for a test of the $700 level in the near term.#eth