- Ethereum price was seen up some decent 2.5%, pullback coming into play after the heavy recent sell-off.
- ETH/USD recent upside may not be sustainable, given a bearish pennant pattern formation.
ETH/USD 60-minute chart
Spot rate: 363.23
Relative change: -2.5%
High: 368.37
Low: 350.83
Trend: Bearish
Support 1: 355.00, (support on 60-minute chart).
Support 2: 352.78, lower part of pennant pattern.
Support 3: 346.58, 8th August low.
Resistance 1: 365.05, upper part of pennant.
Resistance 2: 368.00, (resistance on 60-minute chart).
Resistance 3: 369.73, 50MA.
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