- Ethereum (ETH) is trading in the red on Thursday, down some 0.25% through the mid-point of the session.
- ETH/USD is saved again by buyers stepping in at the vital $200 area.
- Give the number of times the $200 mark has been tested recently, it is making it suspectible to a potential large breach.
ETH/USD 60-minute chart chart
Spot rate: 202.28
Relative change: -0.35%
High: 202.76
Low: 199.95
Trend: Neutral/Bearish
Support 1: 200.00, big psychological level.
Support 2: 193.00, 15 October low.
Support 3: 186.95, demand zone & 11 October low.
Resistance 1: 202.45, resistance on 60-minute chart.
Resistance 2: 203.10, 50MA.
Resistance 3: 203.80, descending trend line & 100MA.
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