- Ethereum produced some heavy gains on Tuesday, jumping as much as 7%.
- Decent rallies seen across the cryptocurrency market today, lead by the dominant moves of Bitcoin.
- Bulls will be eyeing a return to $500, however very much in the way in terms of barriers to get there.
ETH/USD 30-minute chart
Spot rate: 474.85
Relative change: +5.62%
High: 484.52
Low: 448.62
Trend: Bullish.
Resistance 1: 480.00, entrance to supply zone.
Resistance 2: 484.52, today’s (Tuesday) high.
Resistance 3: 483.25, upper part of wedge.
Support 1: 471.85, lower part of wedge.
Support 2: 470.05, 50MA.
Support 3: 465.00, demand zone.