Ethereum Technical Analysis: ETH/USD hit hard towards the latter stages of trading, as price at risk of reversing this week's gains

  • Ethereum has come under pressure towards to late part of Thursday's session, down over 3%.
  • ETH/USD at risk of a full reversal, in terms of gains made this week. 

 

ETH/USD 30-minute chart

 

Spot rate:                   465.12

Relative change:        -2.90%

High:                          484.36

Low:                           463.00

 

Trend:                         Neutral/Bearish

 

Resistance 1:            477.10, supply zone. 

Resistance 2:            478.80, 50MA. 

Resistance 3:            488.00, 100MA.

Support 1:                 462.50, demand zone.

Support 2:                 451.50, (support on 30-minute chart).

Support 3:                 445.62, demand zone. 

 

 

 

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.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.