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  • Ethereum price in the session on Wednesday trading up in positive territory by over 8%.
  • ETH/USD bulls must break down $120 for great upside in the near-term.  
  • Should a breach of $121 firmly to the upside be seen, then $130 and $150 would be the next likely barriers to be attacked.  

 

ETH/USD 4-hour chart

 
 

Spot rate:                   119.39

Relative change:       +8.02%

High:                          121.25

Low:                           110.32

 

Trend:                         Bullish

 

Resistance 1:              121.50, 4-hour resistance.

Resistance  2:              127.48, daily pivot point resistance.

Resistance  3:              130.00, 4th November high.

Support 1:                   103.07, daily pivot point support.

Support 2:                   95.88, daily pivot point support.

Support 3:                   90.87, daily pivot point support.