Ethereum Technical Analysis: ETH/USD big deadly slump, daily closure below $100 on the cards

  • Etheruem price trading down over 5% towards latter part of Thursday's session.
  • ETH/USD tanks below big psychological $100 mark, leaving door wide open to further selling. 
  • Price is trading back at session lows, bears looking to go in for the kill.

ETH/USD 4-hour chart
 

 

Spot rate:                  95.73

Relative change:      -5.28%

High:                         104.07

Low:                          95.17

 

Trend:                        Bearish

 

Support 1:                  95.11, daily pivot point support.

Support 2:                  89.09, daily pivot point support.

Support 3:                  63.05, May 2017 low.

Resistance 1:             107.53, daily pivot point resistance.

Resistance 2:             113.55, daily pivot point resistance.

Resistance 3:             116.76, daily pivot point resistance.

 

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