Search ForexCrunch
  • Ethereum price on Monday was trading in the green, minor gains of just over 1% seen.  
  • ETH/USD price action is moving within an ascending wedge pattern, bulls are trying to breakout.  

 

ETH/USD 60-minute chart  


 
 

Spot rate:                   229.33

Relative change:       +1.35%

High:                          234.90

Low:                           224.20

 

Trend:                        Bullish

 

Resistance  1:            229.50, above trend line of wedge pattern.  

Resistance  2:            231.00, chunky near-term supply area.

Resistance  3:            239.04, 30 September high.    

Support 1:                 223.95,  lower trend line of wedge pattern.

Support  2:                 220.70, support on 60-minute chart.

Support  3:                 215.00, demand zone.