- 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,
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