Ethereum Technical Analysis: ETH/USD danger looms of a near-term sell-off, given rising wedge, expert sees limited upside this year
|- Ethereum price softer on Tuesday, down over 1% in the session.
- ETH/USD moving within rising wedge pattern, subject to a potential breakout.
- Finder.com carried out a survery with nine crypto experts, looking at Ethereum, Alisa Gus is predicting a value of just $500 for the end of 2019. She explains, “I want to see it do well, but it will have to show significant improvement with the upcoming update to stay competitive.”
ETH/USD 60-minute chart
Spot rate: 227.49
Relative change: -1.15%
High: 231.67
Low: 227.00
Trend: Bearish
Support 1: 226.00, lower support on rising wedge.
Support 2: 221.90, support on 60-minute.
Support 3: 215.00, demand zone.
Resistance 1: 231.50, upper part of rising wedge..
Resistance 2: 235.00,choppy supply.
Resistance 3: 239.00, 22 September high.
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