- Ethereum was seen nursing losses of over 2%, in somewhat of a muted trading session.
- ETH/USD price action is kept limited within an ascending channel, as seen with its cousin Bitcoin.
- Bears attempt to drag price further south was halted by the lower trend line of the mentioned channel pattern.
ETH/USD 60-minute chart
Spot rate: 291.55
Relative change: -2.16%
High: 297.36
Low: 287.72
Trend: Bearish
Support 1: 287.66, lower part of ascending channel.
Support 2: 285.45, 100MA.
Support 3: 279.48, 50MA.
Resistance 1: 297.16, supply zone entrance.
Resistance 2: 299.71, 22nd August high.
Resistance 3: 303.60, top area of 19th August & resistance on 60-minute chart.
Share
