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  • Ethereum price trading in the green on Wednesday, modest gains just sy of 0.70%.
  • ETH/USD has been storming higher, since the break above a descending trend line, that was containing the price.  
  • Next big hurdle for the bulls is to break down the $230 price territory, It has not been out of this area since 24th September.

 

 

ETH/USD 4-hour chart  

 
 

Spot rate:                   221.01

Relative change:       +0.67%

High:                          223.79

Low:                           217.33

 

Trend:                        Bullish

 

Resistance  1:            227.28, 61.8% Fibonacci.

Resistance  2:            231.92, 5  & 15 October high.  

Resistance  3:            235.54,  daily pivot point resistance.

Support 1:                 219.63,50% Fibonacci.  

Support  2:                 204.04,  daily pivot point support.  

Support  3:                 199.91,  daily pivot point support.