Home Ethereum Technical  Analysis: ETH/USD bears step out of the way, here comes the bullish stamped
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Ethereum Technical  Analysis: ETH/USD bears step out of the way, here comes the bullish stamped

  • Ethereum price seen up over 1.5% on Thursday, with some green seen across the crypto market.  
  • ETH/USD like a number of its peers, as broken out from a descending channel to the upside.

 

ETH/USD 60-minute chart  


 
 

Spot rate:                   223.92

Relative change:       +1.70%

High:                          227.90

Low:                           219.31

 

Trend:                        Bullish/Neutral.

 

Resistance  1:             226.54,  100MA (60-minute) &  resistance on 60-minute.

Resistance  2:             232.00, choppy supply area.

Resistance  3:             238.90, 30 September high.

Support 1:                  222.10, 50MA (60-minute).

Support 2:                  220.15, on top of broken channel.

Support 3:                  214.10, lower support within channel.  

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