Ethereum managed to escape a descending channel, however the price failed to gain ground above and beyond the $500 mark. ETH/USD is now moving within a rising wedge, which could be subject to a breach from the market bears, with the lower supporting trend line being tested. ETH/USD 60-minute chart Spot rate: 0.47752 Relative change: -0.25% High: 0.48090 Low: 0.47320 Trend: Neutral Support 1: 475.00, today’s (Monday) low & lower trend line of rising wedge. Support 2: 473.24, 100MA. Support 3: 458.09, on top of the broken descending wegde. Resistance 1: 481.87, 50MA. Resistance 2: 493.50, (resistance on 60-minute chart). Resistance 3: 500.00, psychological resistance. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next AUD/USD Technical Analysis: Aussie runs into resistance near 0.7500 level FX Street 4 years Ethereum managed to escape a descending channel, however the price failed to gain ground above and beyond the $500 mark. ETH/USD is now moving within a rising wedge, which could be subject to a breach from the market bears, with the lower supporting trend line being tested. ETH/USD 60-minute chart Spot rate: 0.47752 Relative change: -0.25% High: … Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
