Ethereum Technical Analysis: ETH/USD big near-term bullish indicators, with flag waving waiting for bull charge

  • Ethereum price seen trading broadly flat in the latter stages of trading on Tuesday.
  • ETH/USD has edged out of a bullish flag pattern, inviting further buying pressure.

 

ETH/USD 4-hour chart


 


Spot rate:                  288.73

Relative change:       +0.10%

High:                          293.04

Low:                           280.85

 

Trend:                        Neutral

 

Resistance 1:            290.00, upper part of bull flag.

Resistance 2:            293.04, today's (Tuesday) high.

Resistance 3:            300.00, large psychological resistance and supply zone.

Support 1:                  283.89, 50MA.

Support  2:                 279.00, lower part of flag.

Support  3:                 270.00, demand zone. 

BEST BROKERS TO TRADE CRYPTO

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 securities. 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 Forex 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.