Home Ethereum Technical Analysis: ETH/USD is not being allowed to move back above breached trend line

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Ethereum Technical Analysis: ETH/USD is not being allowed to move back above breached trend line

FX Street

Published date: 24 Aug. 2018 | 16:05

Ethereum price is seen trading up with some very minor gains of 0.25% on Friday.
ETH/USD continues to fail in moving back above a supporting ascending trend line, which was breached on 22 August.

ETH/USD 60-minute chart

Spot rate: 276.44

Relative change: +0.21%

High: 276.08

Low: 278.67

Trend: Neutral

Resistance 1: 280.75, underneath breached trend line.

Resistance 2: 287.00, 50MA.

Resistance 3: 303.34, 100MA.

Support 1: 270.80, demand zone.

Support 2: 259.38, 22nd August low.

Support 3: 250-255, 14th August low & demand zone.

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