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  • Ethereum makes an advance of around 5% initially on Tuesday, before slowing down.
  • ETH/USD gets stopped at its session highs, after being caught by bears waiting in the bushes heading into $550.
  • Chunky supply zone for Ethereum seen running from $540-550, where the price was knocked back in the session and on 12th June.

 

ETH/USD 30-minute chart

Spot rate:                                     534.91

Relative change:               + 3.30%

High:                                                   548.80

Low:                                                       515.10

 

Trend:                                                 Bullish

 

 

Resistance 1:                           540.00, supply zone entry.

Resistance 2:                           548.80, today’s (Tuesday) high.

Resistance 3:                           570.09, (resistance on 30-minute)

Support 1:                                  531.00, (support on 30-minute)

Support 2:                                    520.00, 50MA.

Support 3:                                    508.06, 100MA.