ETH/USD is at danger from another potential bear attack, price remains in supply zone and ascending channel subject to a break

  • Ethereum has been nursing small losses again on Thursday, down 0.25%, with prices seen mixed across the cryptocurrency market.
  • ETH/USD price is flirting within a touted selling zone and testing the lower support of an ascending channel.
  • Firm supply zone tracks from $608-630, support at $600 is key for Ethereum.


ETH/USD 60-minute chart


Spot rate:                     605.95

Relative change:         -0.25%

High:                            617.16           

Low:                            601.77


Trend:                          Neutral/Bearish



Support 1:                   605.50, 50MA & 100 MA.

Support 2:                   600.00, lower trend line support of ascending channel.

Support 3:                   591.41 6th June low.

Resistance 1:              608.00, Entrance of supply zone.

Resistance 2:              617.16, today’s (Thursday) high.

Resistance 3:              629.11, 3rd June high.











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