Ethereum Technical Analysis: ETH/USD makes a late attempt on Friday to recover some losses, as price jumps out of bull flag pattern
|- Ethereum hit on Friday, nursing losses of over 3%, with what continued to be a bearish week.
- ETH/USD price cooled during the session, after the large surge seen on Thursday, but price action had been forming a bullish flag pattern.
- Soft sentiment across the crypto market, has most likely added to some of the selling pressure seen.
ETH/USD 30-minute chart
Spot rate: 502.89
Relative change: -3.25%
High: 521.62
Low: 485.51
Trend: Bearish
Support 1: 497.90, top of bull flag.
Support 2: 491.70, 100MA.
Support 3: 483.81, lower trend line of bull flag.
Resistance 1: 506.50, 50MA.
Resistance 2: 526.52, (resistance on 30-minute chart).
Resistance 3: 533.00, supply zone.
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