Home Ethereum Technical  Analysis: ETH/USD edges back south just below $500, but signs are still promising for the bulls
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Ethereum Technical  Analysis: ETH/USD edges back south just below $500, but signs are still promising for the bulls

  • 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.

 

 

 

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