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- Thursday's Etheruem price was trading in lower positive territory in the second half of the session, up 0.10%.
- The bulls managed to overcome a downward trend line that contained the price in recent bargains, by displaying the 15 minute chart.
- In the longer period of time, price action is still within a very stubborn range.
ETH / USD 15-minute chart
Spot rate: 90.79
Relative change: + 0.10%
High: 91.54
Low: 88.54
Trend: neutral
Support 1: 89.97, downtrending trend line violated.
Support 2: 87.58, daily support of the articulation point.
Support 3: 84.59, daily support of the articulation point.
Resistance 1: 92.35, short-term supply.
Resistance 2: 93.06, resistance to the daily articulation point.
Resistance 3: 95.57, resistance to the daily rotation point.
ETH / USD 60-minute chart
- The bulls have a challenge in trying to break down the stubborn refueling zone highlighted, in a more upward way.
Daily ETH / USD chart
- Stubborn gamma blocking, as seen through the market, which proves to be a problem for both fields. The vulnerabilities remain on the downside.
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