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Ethereum Technical Analysis: ETH/USD big deadly slump, daily closure below $100 on the cards

  • Etheruem price trading down over 5% towards latter part of Thursday’s session.
  • ETH/USD tanks below big  psychological  $100 mark, leaving door wide open to further selling.  
  • Price is trading back at session lows, bears looking to go in for the kill.

ETH/USD 4-hour chart
 

 

Spot rate:                   95.73

Relative change:       -5.28%

High:                          104.07

Low:                           95.17

 

Trend:                         Bearish

 

Support 1:                   95.11, daily pivot point support.

Support 2:                   89.09, daily pivot point support.

Support 3:                   63.05, May 2017 low.

Resistance 1:              107.53, daily pivot point resistance.

Resistance  2:              113.55, daily pivot point resistance.

Resistance  3:              116.76, daily pivot point resistance.

 

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