RATE Group | ETH/USD jumps 18% in the latter stages of Friday
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ETH/USD jumps 18% in the latter stages of Friday

07 Dec ETH/USD jumps 18% in the latter stages of Friday

Posted at 21:59h in Ethereum News by

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  • 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…

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