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  • 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.