- Ethereum was seen holding decent gains of over 3% on Friday, looking for a strong close on the week.
- ETH/USD has the challenge of breaking down resistance within the early $300 territory, in order to invite further upside pressure.
ETH/USD 60-minute chart
Spot rate: 297.63
Relative change: +3.74%
High: 305.95
Low: 285.22
Trend: Bullish
Resistance 1: 304.96,15th August high and supply zone.
Resistance 2: 326.41, consolidation area.
Resistance 3: 370.58, 9th August high.
Support 1: 290.67, 50MA.
Support 2: 285.25, 100MA.
Support 3: 278.62, (support on 60-minute chart).