Ken Chigbo
Independent Analyst
- Ethereum price in the second half of the day on Wednesday, is trading in minor positive by just some 1.40%.
- ETH/USD is being capped to the upside by a big area of supply, $230-240 range.
- There is decent near-term support to comfort the bulls, while they attempt at breaking down the noted resistance.
Spot rate: 229.10
Relative change: +1.40%
High: 231.24
Low: 223.29
ETH/USD 60-minute chart
- A near-term trend line can be observed providing needed support for the price.
ETH/USD daily chart
- A chunky area of supply can be observed running from $230 - $240 via the daily.
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