- Ethereum price was nursing losses on Friday, down just shy of 2%, as price struggles to main committed direction.
- ETH/USD at the back end of Thursday caught a very strong bid, however that was very much short-lived as the bears quickly moved in to sell rallies.
- Tom Lee, Head of Research at Fundstrat Global Advisors in a note to clients, said Ethereum (ETH) is about to see a “trend reversal and rally strongly” up to $1,900 per token by the end of 2019.
ETH/USD 60-minute chart
Spot rate: 225.20
Relative change: -1.80%
High: 234.19
Low: 219.13
Trend: Bearish
Support 1: 220.60, 50 & 100MA (60-minute).
Support 2: 216.17, secondary supporting ascending trend line.
Support 3: 207.60, demand area.
Resistance 1: 235.00, underneath broken ascending trend line.
Resistance 2: 245.00, supply zone.
Resistance 3: 254.82, 22 September high.