- Ethereum price nursing losses in second half of the session on Friday, down some 1.60%.
- ETH/USD was saved by further downside by an ascending trend line. This has been running since the bounce on 31st October.
- The above-mentioned ascending trend line, sees the 50% Fibonacci in proximity.
ETH/USD 4-hour chart
Spot rate: 209.64
Relative change: -1.60%
Support 1: 208.11, ascending trend line & 50% Fibonacci.
Support 2: 204.37, 100DMA & 61.8% Fibonacci.
Support 3: 192.42, 31st October.
Resistance 1: 211.76, 38.2% Fibonacci.
Resistance 2: 216.31, 23.6% Fibonacci.
Resistance 3: 223.66, 7 November high.
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.