Ethereum Technical Analysis: ETH/USD gearing up at the launch station
|- Ethereum price in the session on Wednesday trading up in positive territory by over 8%.
- ETH/USD bulls must break down $120 for great upside in the near-term.
- Should a breach of $121 firmly to the upside be seen, then $130 and $150 would be the next likely barriers to be attacked.
ETH/USD 4-hour chart
Spot rate: 119.39
Relative change: +8.02%
High: 121.25
Low: 110.32
Trend: Bullish
Resistance 1: 121.50, 4-hour resistance.
Resistance 2: 127.48, daily pivot point resistance.
Resistance 3: 130.00, 4th November high.
Support 1: 103.07, daily pivot point support.
Support 2: 95.88, daily pivot point support.
Support 3: 90.87, daily pivot point support.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.