- Ethereum price was seen up a decent 3.5% in the session on Thursday, moving towards a strong finish for the week, after recent bloodshed.
- ETH/USD is currently moving within an ascending channel pattern, which could see a break to the downside, should the bears manage to breach the lower trend line.
ETH/USD 60-minute chart
Spot rate: 0.28820
Relative change: +2.79%
High: 0.29603
Low: 0.27558
Trend: Bearish
Support 1: 290.35, 100MA.
Support 2: 287.44, lower part of ascending channel.
Support 3: 281.66, 50MA.
Resistance 1: 299.17, (resistance on 60-minute chart).
Resistance 2: 302.05, supply zone.
Resistance 3: 304.96, 15th August high.