- Ethereum price on Wednesday extending the move south, nursing losses of over 3%.
- ETH/USD bears were penetrating the lower support of a rising wedge pattern, which has now been breached.
- A break and retest have been observed, which works firmly in the bears favor for now.
ETH/USD 60-minute chart
Spot rate: 218.98
Relative change: -3.09%
High: 226.49
Low: 214.00
Trend: Bearish
Support 1: 215.00, demand area.
Support 2: 208.25, support on 60-minute chart.
Support 3: 203.24, 25th September low.
Resistance 1: 225.96, 50MA (60-minute).
Resistance 2: 229.12, broken wedge and 100MA (60-minute).
Resistance 3: 236.00, resistance on 60-minute chart.