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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