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  • Ethereum was seen holding decent gains of over 3% on Friday, looking for a strong close on the week.  
  • ETH/USD has the challenge of breaking down resistance within the early $300 territory, in order to invite further upside pressure.  

 

 

ETH/USD 60-minute chart


 

Spot rate:                    297.63

Relative change:        +3.74%

High:                           305.95

Low:                            285.22

Trend:                         Bullish  
 

Resistance 1:              304.96,15th August high and supply zone.  

Resistance 2:             326.41, consolidation area.

Resistance 3:             370.58, 9th August high.  

Support 1:                   290.67, 50MA.

Support    2:                  285.25, 100MA.

Support    3:                  278.62, (support on 60-minute chart).