Ethereum Technical  Analysis: ETH/USD dives lower and breaks key near-term support

• Etheruem price on Monday dropped a chunky 4% in the session, after becoming unstable at Saturday’s highs.  
• ETH/USD has broken a near-term ascending supporting trend line, seeing the price free-fall before being caught by a secondary line of support.

ETH/USD 60-minute chart  

Spot rate:                    233.62

Relative change:        -4.51%

High:                           245.90

Low:                            229.00

Trend:                         Bearish.

Support 1:                   233.35, secondary supporting ascending trend line.  

Support 2:                     230.30, support on 60-minute chart.

Support 3:                   222.00, consolidation area 21 Sept before bull run.

Resistance 1:                240.47, 50MA.

Resistance 2:                242.00, breached ascending trend line.  

Resistance 3:                245.00, supply zone.