- Ethereum loses ground in the afternoon on Friday, as the bulls fails to make ground towards $600.
- ETH/USD receives support from both 50 and 100MAs on the 60-minute chart.
- Heavy supply zone seen further north, ranging from $615 up to $628.
ETH/USD 60-minute chart:
Spot rate: 572.80
Relative change: -0.75%
High: 590.00
Low: 565.00
Trend: Bearish
Resistance 1: 590.00, today’s (Friday) high and 27th May.
Resistance 2: 609.00, 26th May.
Resistance 3: 615.00, supply zone.
Support 1: 580.00, descending trend line.
Support 2: 565.00, today’s (Friday) low & 50/200MAs.
Support 3: 541.00, 30th May low.
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