ETH/USD bounces off the support, gives breakout. Resistances stare on the short, long term charts. Ethereum, the second largest cryptocurrency has given a small breakout on the short term chart after the prices respected support on the short term charts, even as it may not result in prices rallying too hard for now as there are resistance enough on its way up. ETH/USD is higher by more than 2 percent on day at $459.51, near high of the day after bouncing off the low. On the short term charts, the prices took support from an ascending trendline on the 480-minute chart, while that helped prices breaking out of a descending trendline on the hourly chart. While the breakout boosts morale of the bulls, there is imminent resistance on the 480-minute chart in the form of a descending trendline, just around the current market price, which is at $461. Sustained crossover of this resistance will take prices all the way towards $500. ETH/USD 480-minute chart: ETH/USD 60-minute chart: FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Basic Attention Token and Stellar are forming a bullish triangle pattern Gregor Horvat 5 years ETH/USD bounces off the support, gives breakout. Resistances stare on the short, long term charts. Ethereum, the second largest cryptocurrency has given a small breakout on the short term chart after the prices respected support on the short term charts, even as it may not result in prices rallying too hard for now as there are resistance enough on its way up. ETH/USD is higher by more than 2 percent on day at $459.51, near high of the day after bouncing off the low. On the short term charts, the prices took support from an ascending trendline on the 480-minute… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
