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  • Ethereum price is nursing losses in the session on Thursday, down some 3.7%
  • ETH/USD bulls were pressed lower and forced to breach a near-term ascending trend line.

 

ETH/USD 60-minute chart

 
 

Spot rate:                   118.95

Relative change:       -3.70%

High:                          124.00

Low:                           115.81

 

Trend:                         Bearish

 

Support 1:                   113.12, daily pivot point support.  

Support 2:                    103.52, daily pivot point support.

Support 3:                   96.78, daily pivot point support.  

Resistance 1:              119.00, underneath breached trend line.

Resistance  2:              129.65, daily pivot point resistance.  

Resistance  3:              136.39, daily pivot point resistance.  

 

ETH/USD daily chart

  • Following the reversal doji candlestick, upside still looks promising, there is resistance in the way heading into $130. A top area for 23, 24 and 28 November.