Home Ethereum Technical  Analysis: ETH/USD fails to sustain upside momentum, if near-term buy zone fails to hold, a complete reversal of this week’s gains could be seen
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Ethereum Technical  Analysis: ETH/USD fails to sustain upside momentum, if near-term buy zone fails to hold, a complete reversal of this week’s gains could be seen

  • Ethereum price was nursing losses just shy of 2% on Tuesday, failing to build on Monday’s gains.  
  • ETH/USD received support in a known buying area, around $460 area, a breach could see price fall back to the open at the start of the week, 100% reversal of gains.  

 

ETH/USD 30-minute chart

 

 

Spot rate:                                     0.47143.

Relative change:         -2.28%.

High:                            0.48364.

Low:                             0.46882.

 

Trend:                          Neutral.

 

Resistance  1:             475.00,  (resistance on 30-minute chart).

Resistance 2:             477.15,  supply zone.

Resistance 3:             482.04, 4th July high.

Support 1:                  466.60, demand zone.  

Support 2:                  462.04, (support on 30-minute chart).

Support 3:                  445.08,  beginning  of the week low.  

 

 

 

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