Ethereum Technical Analysis: ETH/USD jumps 18% in the latter stages of Friday
|- Ethereum price jumps 18%, reversing the big drop seen in afternoon trading.
- ETH/USD managed to push back into positive territory, after being heavily oversold.
- The big jump seen does not appear to be stable with the price edging lower again to test the session low.
ETH/USD 1-hour chart
Spot rate: 93.29
Relative change: +0.22%
High: 97.58
Low: 82.15
Trend: Bearish
Support 1: 85.82, vital near-term bottom area.
Support 2: 81.02, daily pivot point support.
Support 3: 71.92, daily pivot point support.
Resistance 1: 99.73, 60-minute resistance.
Resistance 2: 108.84, daily pivot point resistance.
Resistance 3: 113.64, daily pivot point resistance.
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