Home Ethereum Technical  Analysis: ETH/USD promising price behavior seen in the bulls favor, cosy cushions supporting price
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Ethereum Technical  Analysis: ETH/USD promising price behavior seen in the bulls favor, cosy cushions supporting price

  • Ethereum price seen holding modest gains in Thursday’s session of 0.6%, promising near-term bullish  indiciators remain intact.  
  • ETH/USD is well supported for further upside, a firm ascending trend line has been cushioning any downside since 12th September.  

 

 

ETH/USD 60-minute chart  


 

Spot rate:                    211.28

Relative change:        +0.68%

High:                           216.81

Low:                            207.00

 

Trend:                         Neutral/Bullish

 

Support 1:                    209.95, 50MA & 100MA. (60-minute).

Support 2:                  205.10, ascending trend line.  

Support 3:                  194.00, support on 60-minute chart & consolidation area of 17-18 Sept.

Resistance  1:              215.00, resistance on 60-minute chart.

Resistance  2:              220.00, supply zone.  

Resistance  3:             227.50, 15th September high.

 

 

 

 

 

 

 

 

 

 

 

 

 

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