Home Ethereum Technical Analysis: ETH/USD edges back south just below $500, but signs are still promising for the bulls

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Ethereum Technical Analysis: ETH/USD edges back south just below $500, but signs are still promising for the bulls

FX Street

Updated: 18 Jul. 2018 | 18:41

Ethereum was seen down 1% on Wednesday, a slow down in momentum after the big run on Tuesday.
ETH/USD has settled just below $500, within a previous area of resistance, supply zone.

ETH/USD 60-minute chart

Spot rate: 494.11.

Relative change: -1.00%.

High: 515.28.

Low: 489.12.

Trend: Neutral/Bearish.

Resistance 1: 496.10, 8th July high.

Resistance 2: 500.25, (resistance on 60-minute chart).

Resistance 3: 515.28, today’s (Wednesday) high.

Support 1: 487.05, 50MA.

Support 2: 480.00, demand zone.

Support 3: 466.90, 100MA.

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