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  • Ethereum price nursing losses in second half of the session on Friday, down some 1.60%.
  • ETH/USD was saved by further downside by an ascending trend line. This has been running since the bounce on 31st October.
  • The above-mentioned ascending trend line, sees the 50% Fibonacci in proximity.

 

ETH/USD 4-hour chart  

 
 

Spot rate:                   209.64

Relative change:       -1.60%

High:                          213.52

Low:                           208.11

 

Trend:                        Bearish.

 

Support 1:                 208.11, ascending trend line & 50% Fibonacci.

Support  2:                 204.37, 100DMA & 61.8% Fibonacci.

Support  3:                 192.42, 31st October.

Resistance  1:            211.76, 38.2% Fibonacci.  

Resistance  2:            216.31, 23.6% Fibonacci.

Resistance  3:            223.66, 7 November high.