Ethereum Technical Analysis: ETH/USD sky rockets 8%, as bulls bounce off big trampoline of support
|- Ethereum price on Tuesday makes a chunky jump higher by some 8%, after an initial slow start to the session.
- ETH/USD rally bounced off key near-term ascending trend line, as bulls eye above supply zone, within proximity of $225.
ETH/USD 60-minute chart
Relative change: +8.68%
High: 222.00
Low: 193.88
Trend: Bullish
Resistance 1: 213.40, 100MA (60-minute).
Resistance 2: 220.00, entrance to supply zone.
Resistance 3: 225.00, high of 17th September & resistance on 60-minute.
Support 1: 209.95, 50MA (60-minute).
Support 2: 195.95, ascending trend line.
Support 3: 192.30, 17th September low & support on 60-minute.
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