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  • Ethereum gains around 2% on Friday, extending the recent upside run.
  • ETH/USD broke out of another bullish set up, a pennant pattern seen on the 60-minute chart.
  • Huge gains and upside is generally beign observed across the board within the crypto market.  

 

 

ETH/USD 60-minute chart  


 

Spot rate:                    229.30

Relative change:        +1.95%

High:                           231.76

Low:                            221.23

 

Trend:                         Bullish.

 

Resistance 1:                230.00, supply zone.

Resistance 2:                234.50, 7th September high.

Resistance 3:                 245.00, resistance on 60-minute chart.

Support 1:                   225.83, trend line of broken pennant.  

Support 2:                     223.00, inner support within bullish pennant.  

Support 3:                   217.77, 50MA and prior to area 18-20 Sept.