Ethereum Technical Analysis: ETH/USD bears still have the strong scent of blood under their nose

  • Ethereum nursing chunky losses over 7% on Tuesday, a noteworthy underperformer.
  • ETH/USD price action is somewhat concerning, looking vulnerable, to another drop.

 

ETH/USD 30-minute chart


 

Spot rate:                   262.72

Relative change:       -7.47%

High:                          283.93

Low:                           249.93

Trend:                        Bearish

 

Support 1:                 259.25, (support on 30-minute chart).

Support 2:                 256.45, demand zone.

Support 3:                 249.93, today’s (Tuesday) low.

Resistance 1:            272.15, (resistance on 30-miunte chart).

Resistance 2:            281.38, 50MA.

Resistance 3:           300.73, 100MA. 

 

 

 

 

 

 


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