Ethereum price came under pressure on Wednesday, as price further consolidated after the initially decent start to the week. ETH/USD has been stuck in a narrowing range in the session, but looking for a near-term breakout to the upside. The price has been magnetized to the 50% Fibonacci, looking to soon use this as a launch pad to reignite upside momentum. ETH/USD 15-minute chart Spot rate: 530.08 Relative change: -1.57% High: 538.91 Low: 516.63 Trend: Bearish/Neutral Support 1: 518.05, 50% Fibonacci. Support 2: 510.50, 61.8% Fibonacci & (support on 15-minute chart). Support 3: 506.98, ascending trend line. Resistance 1: 528.60, 100MA. Resistance 2: 534.35, 23.6% Fibonacci and supply area. Resistance 3: 538.91, today’s (Wednesday) high. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Fed’s Powell: Strong case for gradual rate hikes FX Street 3 years Ethereum price came under pressure on Wednesday, as price further consolidated after the initially decent start to the week. ETH/USD has been stuck in a narrowing range in the session, but looking for a near-term breakout to the upside. The price has been magnetized to the 50% Fibonacci, looking to soon use this as a launch pad to reignite upside momentum. ETH/USD 15-minute chart Spot rate: 530.08 Relative change: -1.57% High: … Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
