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  • EOS price nursing losses of over 5% in the session on Friday, as the market further cools.
  • EOS/USD is moving lower within a very steep channel pattern formation, as seen via the 60-minute chart view.  
  • Pressure intensified after a break of a near-term support area was seen at the back-end of the session on Thursday, as covered in the last article, read more.  

ETH/USD 60-minute chart

 
 

Spot rate:                   2.8711

Relative change:       -5.61%

High:                          3.0775

Low:                           2.8104

 

Trend:                         Bearish

 

Support 1:                   2.8671, 27 November low.  

Support 2:                   2.8088, 60-minute support.  

Support 3:                   2.7268, lower part of channel.

Resistance 1:              3.0765, 60-minute resistance.

Resistance  2:              3.1815, upper part of channel.

Resistance  3:              3.4000, 28 November high.