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  • Ethereum price was seen up with gains just shy of 1% on the day, which could have been greater if the bulls were able to breakdown some troublesome resistance.
  • ETH/USD has suffered knockback by a known supply area, tracking from $485-480.

 

ETH/USD 60-minute chart

 

Spot rate:                  474.81

Relative change:        +0.70%

High:                          484.87

Low:                            471.88

 

Trend:                         Neutral

 
 

Support 1:                  469.32, 100MA.

Support 2:                  467.50, entrance to demand zone.

Support 3:                  464.33, 25th July low.  

Resistance 1:             476.10, 50MA.

Resistance 2:             481.00, entrance to supply zone.  

Resistance 3:             485.05, potential trip top.