Ethereum Technical Analysis: ETH/USD bulls have the wind behind them for further upside
|- Ethereum price trading in the green on Wednesday, modest gains just sy of 0.70%.
- ETH/USD has been storming higher, since the break above a descending trend line, that was containing the price.
- Next big hurdle for the bulls is to break down the $230 price territory, It has not been out of this area since 24th September.
ETH/USD 4-hour chart
Spot rate: 221.01
Relative change: +0.67%
High: 223.79
Low: 217.33
Trend: Bullish
Resistance 1: 227.28, 61.8% Fibonacci.
Resistance 2: 231.92, 5 & 15 October high.
Resistance 3: 235.54, daily pivot point resistance.
Support 1: 219.63,50% Fibonacci.
Support 2: 204.04, daily pivot point support.
Support 3: 199.91, daily pivot point support.
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