Ethereum Technical Analysis: ETH/USD fails to break out again from strong descending wedge pattern, bulls are lacking the momentum
|- Ethereum price is seen holding gains of 1.5% on Thursday, despite being knocked back again by strong resistance.
- ETH/USD continues to respect a larger descending wedge pattern, the bulls tested and failed to break on 3rd and 4th July.
ETH/USD 60-minute chart
Spot rate: 473.63
Relative change: +1.50%
High: 478.58
Low: 461.00
Trend: Neutral
Support 1: 468.53 50MA.
Support 2: 465.34, 100MA.
Support 3: 451.96, (support on 60-minute chart).
Resistance 1: 476.00, upper part of wedge.
Resistance 2: 487.51, 3rd July high.
Resistance 3: 500.00, psychological resistance.
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