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  • Ethereum price was seen up a decent 3.5% in the session on Thursday, moving towards a strong finish for the week, after recent bloodshed.  
  • ETH/USD is currently moving within an ascending channel pattern, which could see a break to the downside, should the bears manage to breach the lower trend line.  

 

 

ETH/USD 60-minute chart


 

Spot rate:                    0.28820

Relative change:        +2.79%

High:                           0.29603

Low:                           0.27558

Trend:                         Bearish

 

Support 1:                    290.35, 100MA.

Support    2:                  287.44, lower part of ascending channel.  

Support    3:                  281.66, 50MA.

Resistance 1:             299.17,  (resistance on 60-minute chart).

Resistance 2:             302.05,   supply zone.  

Resistance 3:             304.96, 15th August high.