- Ethereum was seen down 1% on Wednesday, a slow down in momentum after the big run on Tuesday.
- ETH/USD has settled just below $500, within a previous area of resistance, supply zone.
ETH/USD 60-minute chart
Spot rate: 494.11.
Relative change: -1.00%.
High: 515.28.
Low: 489.12.
Trend: Neutral/Bearish.
Resistance 1: 496.10, 8th July high.
Resistance 2: 500.25, (resistance on 60-minute chart).
Resistance 3: 515.28, today’s (Wednesday) high.
Support 1: 487.05, 50MA.
Support 2: 480.00, demand zone.
Support 3: 466.90, 100MA.