- Ethereum is trading down over 1.5% on Thursday, as the price moves within a range bound nature for now.
- ETH/USD moving within a range block, which is subject to an extended move lower.
- Vital near-term support should be noted from $125-124, lower part of current range block.
ETH/USD 60-minute chart
Spot rate: 134.62
Relative change: -1.59%
High: 139.53
Low: 124.25
Trend: Bearish
Support 1: 124.25, lower part of range block.
Support 2: 118.47, daily pivot point support.
Support 3: 112.45, daily pivot point support.
Resistance 1: 144.71, 60-minute resistance.
Resistance 2: 148.55, daily pivot point resistance.
Resistance 3: 157.58, daily pivot point resistance.
ETH/USD weekly chart
- Price trading around vital weekly support, $130 territory. Exposure to the downside could see fall to $110 area.
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