Ethereum Technical Analysis: ETH/USD gearing up at the launch station

  • Ethereum price in the session on Wednesday trading up in positive territory by over 8%.
  • ETH/USD bulls must break down $120 for great upside in the near-term. 
  • Should a breach of $121 firmly to the upside be seen, then $130 and $150 would be the next likely barriers to be attacked. 

 

ETH/USD 4-hour chart

 
 

Spot rate:                  119.39

Relative change:      +8.02%

High:                         121.25

Low:                          110.32

 

Trend:                        Bullish

 

Resistance 1:             121.50, 4-hour resistance.

Resistance 2:             127.48, daily pivot point resistance.

Resistance 3:             130.00, 4th November high.

Support 1:                  103.07, daily pivot point support.

Support 2:                  95.88, daily pivot point support.

Support 3:                  90.87, daily pivot point support.

 

 

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