Ethereum Technical Analysis: ETH/USD breaks out from a bull flag set up

  • Etheruem price holding modest gains of just some 1% in the latter stages of trading on Friday.
  • ETH/USD makes a break to the upside from a bull flag pattern, seen on 60-minute chart.


ETH/USD 60-minute chart 


Spot rate:                  225.11  

Relative change:      +1.32%

High:                         225.94

Low:                          219.34


Trend:                       Bullish.


Resistance 1:           226.00, resistance on 60-minute chart..

Resistance 2:           232.00, choppy supply area.

Resistance 3:           239.50, 30th September high. 

Support 1:                223.60, 100MA (60-minute).

Support 2:                222.42, on top of broken flag. 

Support 3:                221.95, support & 50MA (60-minute). 

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