Ethereum Technical Analysis: ETH/USD a sitting duck subject to large bear attack
|- Ethereum price trading down just shy of 1% into the latter stages of the session on Friday.
- ETH/USD price action like a number of other cryptocurrencies, has formed a range-block. Subject to a breakout south.
ETH/USD 15-minute chart
Spot rate: 85.82
Relative change: -0.85%
High: 87.05
Low: 86.66
Trend: Bearish
Support 1: 83.66, daily pivot point support.
Support 2: 80.93, daily pivot point support.
Support 3: 76.95, daily pivot point support.
Resistance 1: 90.37, daily pivot point resistance.
Resistance 2: 94.35, daily pivot point resistance.
Resistance 3: 97.09, daily pivot point resistance.
ETH/USD 60-minute chart
- Price action breached a triangular pattern during Thursday's session, inviting further downside pressure.
ETH/USD daily chart
- Key near-term support should be noted around the $83-81 price range, a break here could be devastating.
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