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  • Ethereum price was nursing some losses of around 2.5% in the session on Monday.1
  • ETH/USD price action is moving within an ascending channel pattern.  
  • Momentum is currently weighted to the downside, eyes on another test of the lower part of the channel.

 

ETH/USD 60-minute chart  


 
 

Spot rate:                   227.63

Relative change:       -2.45%

High:                          235.75

Low:                           226.56

 

Trend:                         Bearish

 

Support 1:                  223.65, lower part of ascending channel.  

Support 2:                  212.00, demand zone & 29th September low.  

Support 3:                  205.00, support on 60-minute chart.  

Resistance  1:             228.18, 100MA (60-minute).  

Resistance  2:             232.00, very choppy region of resistance & 50MA (60-minute).  

Resistance  3:             239.40, supply area,