- Ethereum has holding decent gains on Wednesday, over 3% within the session, however downside pressure is looming.
- ETH/USD price continues to respect descending channel, as seen on the 60-minute chart.
ETH/USD 60-minute chart
Spot rate: 475.52
Relative change: +2.92%
High: 482.12
Low: 451.27
Trend: Bullish
Resistance 1: 482.12, today’s (Wednesday) high & descending channel.
Resistance 2: 487.27, 3rd July high.
Resistance 3: 545.00, (resistance on 60-minunte chart).
Support 1: 470.00, 50MA.
Support 2: 460.18, 100MA.
Support 3: 444.00, (support on 60-minunte chart).
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