ETH/USD a lot of flirting below breached support, only spells potential near-term disaster

  • Ethereum price seen down a whopping 8% on Tuesday, as it further gives back last week’s gains.  
  • ETH/USD has been flirting underneath the broken ascending trend line through the session, indicating of some further vulnerability.

ETH/USD 60-minute chart 


Spot rate:                   208.61

Relative change:       -8.45 %

High:                          227.85

Low:                           202.32

Trend:                        Bearish.

Support 1:                  208.00-207.00, consolidation area 18-20 September.

Support 2:                  200.00, psychological support.

Support 3:                  196.00-192.00.0, key near-term demand zone.  

Resistance 1:             212.05, broken ascending trend line.

Resistance 2:             215.00, resistance on 60-minute chart.

Resistance 3:             225.00, supply zone.


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