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- Ethereum on Thursday is resuming bullish momentum, 9% up with gains in the session.
- Near-term supply seen around $ 110-114 must be broken down. Eyes would be on the next target, $ 130 territory.
ETH / USD 15-minute chart
Spot rate: 109.08
Relative change: 63.45%
High: 112.23
Low: 99.83
Trend: Bullish
Resistance 1: 110.50, area of supply.
Resistance 2: 112.58, daily pivot point resistance.
Resistance 3: 115.88, daily pivot point resistance.
Support 1: 103.10, ascending near-term trend line.
Support 2: 97.40, daily pivot point support.
Support 3: 94.11, daily pivot point support.
ETH / USD 60-minute chart
- Near-term ascending trend line providing support to ETH / USD via the 60-minute. Comfort could be seen down $ 103, should be lost by the bulls.
ETH / USD 4-hour chart
- The bulls must breakdown the highlighted supply, tracking from $ 110-114.
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