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Ethereum Technical Analysis: ETH/USD trapped within a $15 range, another breakout is imminent

  • Ethereum pressure to the downside picks up where it left off, trading in negative territory on Thursday.
  • ETH/USD moves through the 50 and 100 MAs on the 15-minute time frame.
  • Price action has been narrowing the past couple of sessions, suggesting another breakout is pending.

 

ETH/USD 15-minute chart

 

Spot rate:                                     474.53

Relative change:               -0.35%

High:                                                       495.11

Low:                                                       469.06

 

Trend:                                                   Neutral/Bearish

 

 

Resistance 1:                        477.21, 100MA.

Resistance 2:                        484.10, 50MA.

Resistance 3:                        495.11, 14th June high.

Support 1:                                 465.10, (support on 60-minute chart).

Support 2:                                   459.05, demand zone.

Support 3:                                   450.05, 13th June low & (support on 60-minute chart)

 

 

 

 

 

 

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