- Ethereum resumes downward trend, after enjoying relief gains last week.
- ETH/USD bulls failed to break down a chunky supply zone from $615-630.
- The price has breached a supporting ascending trend line, running from 28th May.
ETH/USD 60-minute chart
Spot rate: 589.62
Relative change: -4.80%
High: 625.04
Low: 581.01
Trend: Bearish
Support 1: 581.01, today’s (Monday) low & (support on 60-minute chart).
Support 2: 562.00, 1st June low (support on 60-minute chart).
Support 3: 545.00, above descending trend line.
Resistance 1: 591.80, 100MA.
Resistance 2: 605.95, 50MA.
Resistance 3: 610.30, underneath ascending trend line.
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