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  • Ethereum price drops over 12% on Thursday, after Indian banks looks at big crypto crack-down.
  • ETH/USD enters large touted demand zone, for hope of bounce-back, tracking between $450-460.

 

ETH/USD 4-hour chart

 

Spot rate:                                     6180.0

Relative change:               -10.90%

High:                                                     526.11

Low:                                                        460.79

 

Trend:                                                   Bearish

 

Support 1:                                  450.00, strong demand area & 13th June low.

Support 2:                                    393.14, (support 4-hour chart).

Support 3:                                     363.00, demand zone.

Resistance 1:                           479.55, (resistance on 4-hour chart).

Resistance 2:                          495.30, 13th June high.

Resistance  3:                          508.25, 50MA.