- Ethereum price is marginally within negative territory, but price behaviour looks promising for bulls.
- After the 10% jump on Tuesday, the price is within a path of short-term consolidation.
- ETH/USD price action has formed a bull flag, which is subject to a breakout higher.
ETH/USD 30-minute chart
Spot rate: 567.20
Relative change: +0.05%
High: 585.37
Low: 558.44
Trend: Bullish/Neutral
Resistance 1: 577.10, (support on 30-minute chart)
Resistance 2: 585.37, today’s high (Wednesday).
Resistance 3: 605, early supply zone territory.
Support 1: 561.15, lower trend line of bull flag.
Support 2: 559.00, 200MA
Support 3: 551.50, 50% Fibonacci.
Share
