Ethereum Technical Analysis: ETH/USD bears still have the strong scent of blood under their nose
- Ethereum nursing chunky losses over 7% on Tuesday, a noteworthy underperformer.
- ETH/USD price action is somewhat concerning, looking vulnerable, to another drop.
ETH/USD 30-minute chart
Spot rate: 262.72
Relative change: -7.47%
High: 283.93
Low: 249.93
Trend: Bearish
Support 1: 259.25, (support on 30-minute chart).
Support 2: 256.45, demand zone.
Support 3: 249.93, today’s (Tuesday) low.
Resistance 1: 272.15, (resistance on 30-miunte chart).
Resistance 2: 281.38, 50MA.
Resistance 3: 300.73, 100MA.
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Author
Ken Chigbo
Independent Analyst
Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.
