Ethereum Technical  Analysis: ETH/USD leaps over 7%, as the bulls gear up for a retest of the $500 area

• Ethereum produced some heavy gains on Tuesday, jumping as much as 7%.
• Decent rallies seen across the cryptocurrency market today, lead by the dominant moves of Bitcoin.  
• Bulls will be eyeing a return to $500, however very much in the way in terms of barriers to get there.

ETH/USD 30-minute chart

Spot rate:                    474.85

Relative change:         +5.62%

High:                           484.52

Low:                            448.62

Trend:                         Bullish.

Resistance  1:              480.00, entrance to supply zone.  

Resistance 2:             484.52, today’s (Tuesday) high.

Resistance 3:             483.25,  upper part of wedge.  

Support 1:                  471.85, lower part of wedge.  

Support 2:                  470.05, 50MA.

Support 3:                  465.00, demand zone.