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ETH/USD daily chart

  • ETH/USD is now trading for $139.
  • The market has immediate resistance at $143 which the bulls will need to breach through.
  • Market forms a triangle formation which is ready for a breakout.

ETH/USD 4-hour chart

  • The ETH/USD 4-hour chart shows lower volatility as per the 20-day Bollinger band.
  • The market is now trending below the 20-day simple moving average (SMA 20).
  • The SMA 200 has crossed over the SMA 50 curve which is a definite sell sign.  

ETH/USD hourly chart

  • The ETH/USD hourly market is trending below the red cloud of the Ichimoku indicator.
  • The last session of the Elliot Wave oscillator is bearish.

Key Levels

  • Resistance 3: $147.87
  • Resistance 2: $145.43
  • Resistance 1: $141.99
  • Pivot Point: $139.55
  • Support 1: $136.10
  • Support 2: $133.66
  • Support 3: $130.22