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  • Ethereum price was seen holding modest gains just shy of 1% on Friday, after going through a punishing week of selling.
  • ETH/USD breaks out of a descending wedge pattern, playing to the text book with the move through.  


ETH/USD 30-minute chart


Spot rate:                    413.43

Relative change:        +2.01%

High:                          415.78

Low:                           397.84

Trend:                         Neutral


Support 1:                  413.17, 100MA.

Support 2:                  408.58, 50MA.

Support 3:                  407.09, above broken wedge pattern.

Resistance 1:             415.80,  (resistance on 30-minute chart), strong top area.

Resistance 2:             416.00, new supply area.

Resistance 3:             424.18, 2nd August high and supply zone.