Ethereum Technical Analysis: ETH/USD the bulls are miraculously awake
|- Ethereum price on Wednesday holding decent gains in afternoon trading, by some 3%.
- ETH/USD bulls manage to squeeze back within the $90 territory, however currently at time of writing flirting in and out of that.
- Top area produced around the $91.50 price level, as some part of the advance is given up.
ETH/USD 15-minute chart
Spot rate: 90.05
Relative change: +3.11%
High: 91.96
Low: 87.18
Trend: Bearish
Support 1: 87.75, ascending trend line.
Support 2: 84.80, daily pivot point support.
Support 3: 80.57, daily pivot point support.
Resistance 1: 90.50, 15-minute resistance, near-term top.
Resistance 2: 94.93, daily pivot point resistance.
Resistance 3: 99.16, daily pivot point resistance.
ETH/USD 4-hour chart
- Price action has formed a bearish pennant pattern via the 4-hour chart view.
ETH/USD daily chart
- The daily demonstrates how much of a range ETH/USD and the rest of the market continue to move within.
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