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Ethereum Technical Analysis: ETH/USD big bull run short lived or are the bulls having a rest ahead of next move

  • Ethereum plan was hit on Wednesday, nursing losses of almost 3% in the session.  
  • ETH/USD losses ground within $860 region a touted supply area, proven tough the past two sessions now.  

ETH/USD 15-minute chart
 


 

Spot rate:                  466.66

Relative change:        -2.70%

High:                          485.28

Low:                           466.30

 

Trend:                         Bearish

 
 

Support 1:                 467-462.00, demand zone.

Support 2:                  460.05, (support on 15-minute chart).

Support 3:                 455.04, 22nd July low.  

Resistance 1:             470.60,  (resistance on 15-minute chart) & 23rd July high.  

Resistance 2:             474.70, 50MA.

Resistance 3:            475.62, 100MA.

 

 

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