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  • Ethereum price is seen holding gains of 1.5% on Thursday, despite being knocked back again by strong resistance.
  • ETH/USD continues to respect a larger descending wedge pattern, the bulls tested and failed to break on 3rd and 4th July.

 

ETH/USD 60-minute chart

 

 

Spot rate:                                    473.63

Relative change:               +1.50%

High:                                                   478.58

Low:                                                      461.00

 

Trend:                                                 Neutral

 

 

Support 1:                                  468.53 50MA.

Support 2:                                    465.34, 100MA.

Support 3:                                    451.96, (support on 60-minute chart).

Resistance  1:                          476.00, upper part of wedge.

Resistance 2:                          487.51, 3rd July high.

Resistance 3:                          500.00, psychological resistance.