Home Ethereum Technical Analysis: ETH/USD bears pile in on the fun run of selling after key channel breach

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Ethereum Technical Analysis: ETH/USD bears pile in on the fun run of selling after key channel breach

FX Street

Published date: 30 Aug. 2018 | 18:20

Ethereum slammed on Thursday, dropping over 3.5% in the session.
Next major support seen at $267.50-270.00, decent touted demand zone.

ETH/USD 4-hour chart

Spot rate: 278.33

Relative change: -3.56%

High: 291.01

Low: 275.12

Trend: Bearish

Support 1: 273.00, support on 4-hour chart.

Support 2: 270-267.50, chunky demand area.

Support 3: 259.18, long pin bar 22nd August & low.

Resistance 1: 279.50. 50MA.

Resistance 2: 283.69, 100MA.

Resistance 3: 290.25, supply zone.

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