Ethereum Technical Analysis: ETH/USD profit taking after two session chunky bulls run, out of steam for now

  • Ethereum price losses momentum on Friday, nursing losses over 2% in the session.
  • ETH/USD runs into problems within $220 area, as bull run slows down, not too surpassing given the big gains seen over two days. 



ETH/USD 60-minute chart 


Spot rate:                  206.61

Relative change:       -2.23%

High:                          224.21

Low:                           202.95


Trend:                        Bearish


Support 1:                  203.00, support on 60-minute chart..

Support  2:                 197.05, 50MA.

Support  3:                 192.20, 100MA.

Resistance 1:            208.65, resistance on 60-minute chart.

Resistance 2:            220.00, supply entrance. 

Resistance 3:            224.21, 14th September high, shooting star.


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