Ethereum trends 0.27% lower on Wednesday: A setback to the bulls who hoped to push ETH/USD above $140. The confluence detector tool shows a lack of strong support levels for ETH/USD in the coming sessions. Ethereum has lost 0.27% on the day after correcting lower from $137.17 to $135.35. The retracement is a significant setback to the bulls who were psychologically prepared to push the price above $140. Moreover, the confluence detector tool shows a lack of strong support levels for ETH/USD in the coming sessions. On the contrary, the trip towards the highs traded last week around $167 will be an uphill task considering the strong resistance levels. Technical confluence resistance levels Looking at the confluence detector tool, Ethereum must brace itself to deal with the resistance at $138.38 – $139.79, $141.21 – 142.63 and the strongest hurdle at $145.46 – $146.88. These are the confluences at these levels: $138.38 – $139.79: Bollinger Band 1 hour Upper, the 4-hour 10-day Simple Moving Average (SMA), the SMA 200 15-minutes, the hourly 50 SMA, the daily previous high and the daily pivot point R1. $141.21 – 142.63: Weekly 38.2% Fibonacci retracement level, the daily pivot point R2 as well as the daily 161.8% Fibonacci retracement level. $145.46 – $146.88: The hourly 100-SMA, the weekly 23.6% Fibonacci retracement, the monthly pivot point R1, 4-hour chart 50-SMA, and the1-hour chart 200-SMA. Technical confluence resistance levels A broader look shows ETH/USD will find support at $135.54 – $134.12, $132.71 – $129.87 and $125.62 – $122.78. The Confluences at these levels include: $135.54 – $134.12: The 4-hour 100-SMA, the weekly 61.8% Fibonacci retracement, the daily chart previous low and the daily chart pivot point S1. $132.71 – $129.87: Daily chart Bollinger Band Middle curve, the daily range pivot pint S2, the weekly pivot pint S3, and the monthly pivot pint S1. $125.62 – $122.78: Monthly 38.2% Fib level, the daily 50-SMA, and the 1-week previous low. ETH/USD daily confluence detector FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next UK: Key Brexit votes to take place in mid-March – TDS FX Street 4 years Ethereum trends 0.27% lower on Wednesday: A setback to the bulls who hoped to push ETH/USD above $140. The confluence detector tool shows a lack of strong support levels for ETH/USD in the coming sessions. Ethereum has lost 0.27% on the day after correcting lower from $137.17 to $135.35. The retracement is a significant setback to the bulls who were psychologically prepared to push the price above $140. Moreover, the confluence detector tool shows a lack of strong support levels for ETH/USD in the coming sessions. On the contrary, the trip towards the highs traded last week around $167 will… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
