- Ethereum on Tuesday enjoyed a relief from the recent downside pressure, seen up a modest 1%.
- ETH/USD price action has formed a bearish pennant pattern, as seen on the 60-minute chart.
ETH/USD 60-minute chart
Spot rate: 408.66
Relative change: +1.00%
High: 410.73
Low: 402.11
Trend: Bullish
Support 1: 408.60, 100MA.
Support 2: 407.56, 50MA
Support 3: 402.00, lower part of pennant and demand area.
Resistance 1: 410.15,upper part of pennant.
Resistance 2: 414.02, 6th August & supply zone.
Resistance 3: 419.00 (resistance on 60-minute chart).
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