Ethereum Technical Analysis: ETH/USD breaks above 10 day descending trend line, thou will make room for bulls

• Ethereum price seen holding modest gains of 1.0% during trading on Monday, as it attempts move out of range-bound trading.
• ETH/USD breaks above 10 day descending containing trend line.

ETH/USD 60-minute chart

Spot rate:                    277.34

Relative change:        +1.09%

High:                           280.19

Low:                            271.39

Trend:                         Bullish

Resistance 1:              279.56,  resistance on 60-minute chart.

Resistance 2:             284.30, 25th August high.

Resistance 3:             299.76,    22nd August high, before chunky sells.

Support 1:                   274.05, support on 60-minute chart.

Support    2:                  268.85, demand area.

Support    3:                  259.26, 22nd August low and demand area.