Ethereum Technical Analysis: ETH/USD is at danger from another potential bear attack, price remains in supply zone and ascending channel subject to a break

• Ethereum has been nursing small losses again on Thursday, down 0.25%, with prices seen mixed across the cryptocurrency market.
• ETH/USD price is flirting within a touted selling zone and testing the lower support of an ascending channel.
• Firm supply zone tracks from $608-630, support at $600 is key for Ethereum.

ETH/USD 60-minute chart

Spot rate:                                      605.95

Relative change:               -0.25%

High:                                                      617.16                      

Low:                                                       601.77

Trend:                                                   Neutral/Bearish

Support 1:                                   605.50, 50MA & 100 MA.

Support 2:                                     600.00, lower trend line support of ascending channel.

Support 3:                                     591.41 6th June low.

Resistance 1:                           608.00, Entrance of supply zone.

Resistance 2:                           617.16, today’s (Thursday) high.

Resistance 3:                           629.11, 3rd June high.