Ethereum Technical Analysis: ETH/USD is at danger from another potential bear attack, price remains in supply zone and ascending channel subject to a break
|- Ethereum has been nursing small losses again on Thursday, down 0.25%, with prices seen mixed across the cryptocurrency market.
- ETH/USD price is flirting within a touted selling zone and testing the lower support of an ascending channel.
- Firm supply zone tracks from $608-630, support at $600 is key for Ethereum.
ETH/USD 60-minute chart
Spot rate: 605.95
Relative change: -0.25%
High: 617.16
Low: 601.77
Trend: Neutral/Bearish
Support 1: 605.50, 50MA & 100 MA.
Support 2: 600.00, lower trend line support of ascending channel.
Support 3: 591.41 6th June low.
Resistance 1: 608.00, Entrance of supply zone.
Resistance 2: 617.16, today’s (Thursday) high.
Resistance 3: 629.11, 3rd June high.
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