- Ethereum on Friday is trading up with gains of 0.30%, as bulls try to breakdown vital resistance zone.
- ETH/USD bulls are wearing down supply zone, heading into the $130 territory.
ETH/USD 15-minute chart
- Price action moving within an ascending channel formation, guiding the bulls for now,
Spot rate: 117.22
Relative change: +0.45%
High: 120.85
Low: 111.69
Trend: Neutral
Resistance 1: 123.68, daily pivot point resistance.
Resistance 2: 130.86, daily resistance area.
Resistance 3: 142.78, daily resistance area.
Support 1: 115.15, near-term ascending trend line.
Support 2: 104.57, daily pivot point support.
Support 3: 92.65, daily pivot point support.
ETH/USD 60-minute chart
- Bulls attempting to breakdown supply area heading into $130 territory.
ETH/USD 4-hour chart
- Should a breakout by observed of the highlighted supply area, eyes will be on a fast move back towards $200.
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