- Ethereum price seen up a very modest 0.70% in the second half of trading on Wednesday.
- ETH/USD price action has been somewhat muted over the past two sessions, after the decent gains seen last week.
- Ethereum has formed a bullish flag pattern, but worryingly within a potential bearish pennant.
ETH/USD 4-hour chart
Spot rate: 283.19
Relative change: +0.70%
High: 299.65
Low: 277.20
Trend: Bullish
Resistance 1: 288.89, 50MA.
Resistance 2: 291.10, upper part of bull flag.
Resistance 3: 315.00,supply zone and high area seen on 18th August.
Support 1: 276.30, ascending trend line of potential pennant.
Support 2: 270.80, demand zone.
Support 3: 250.26, 14th August.
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