Home Ethereum Technical  Analysis: ETH/USD danger looms of a near-term sell-off, given rising wedge, expert sees limited upside this year
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Ethereum Technical  Analysis: ETH/USD danger looms of a near-term sell-off, given rising wedge, expert sees limited upside this year

  • Ethereum price softer on Tuesday, down over 1% in the session.  
  • ETH/USD moving within rising wedge pattern, subject to a potential breakout.
  • Finder.com carried out a survery with nine crypto experts, looking at Ethereum,  Alisa Gus is predicting a value of just $500 for the end of 2019. She explains, “I want to see it do well, but it will have to show significant improvement with the upcoming update to stay competitive.”    

 

ETH/USD 60-minute chart  


 
 

Spot rate:                   227.49

Relative change:       -1.15%

High:                          231.67

Low:                           227.00

 

Trend:                        Bearish

 

Support 1:                 226.00,  lower support on rising wedge.

Support  2:                 221.90, support on 60-minute.

Support  3:                 215.00, demand zone.  

Resistance  1:            231.50, upper part of rising wedge..  

Resistance  2:            235.00,choppy supply.  

Resistance  3:            239.00, 22 September high.

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