Ethereum Technical Analysis: ETH/USD breakout from the dire $0.20 range may just be round the corner, with price set to set key resistance, which may see bears pilling back

• Ethereum price nursing nominal losses of over 1% on Thursday, as the price range continues to narrow.
• ETH/USD over the past two sessions now has been moving within a tight $0.20 range.

ETH/USD 15-minute chart

Spot rate:                                     435.72

Relative change:               -1.30%

High:                                                   443.50

Low:                                                     430.10

Trend:                                                 Bearish

Support 1:                                   434.90, 50MA & 100MA.

Support 2:                                     430.00, (support on 15-minute chart).

Support 3:                                     418.69, 27th June low.

Resistance 1:                          439.17, (resistance on 15-minute chart)

Resistance 2:                           441.27, 27th June high.

Resistance 3:                           445.00, supply zone entry.