Ethereum was slammed hard by the bears in the early part of Wednesday, first day of trading in August dropping some 6% initially. ETH/USD printed its lowest level in around 5 weeks, making to salvage some support just above $400. Looking at the longer time frame, daily, via the RSI it isn’t quite in oversold territory yet. ETH/USD 60-minute chart Spot rate: 422.14 Relative change: -2.28% High: 437.21 Low: 410.27 Trend: Bearish Support 1: 418.00, demand zone. Support 2: 410.97. today’s (Wednesday) low, consolidation area in June, before large bull run. Support 3: 405.00, 29th June low. Resistance 1: 425-426 top area for today (Wednesday) (resistance on 60-minute chart). Resistance 2: 425-430, supply zone. Resistance 3: 436.72, 50MA. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next USD/JPY Technical Analysis: USD/JPY breaking below 112.00 ahead of FOMC FX Street 5 years Ethereum was slammed hard by the bears in the early part of Wednesday, first day of trading in August dropping some 6% initially. ETH/USD printed its lowest level in around 5 weeks, making to salvage some support just above $400. Looking at the longer time frame, daily, via the RSI it isn't quite in oversold territory yet. ETH/USD 60-minute chart Spot rate: 422.14 Relative change: -2.28% High: 437.21 Low: … Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
