Home Ethereum ETH Technical Analysis: ETH/USD bears are testing long-running  ascending trend line for a breach
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Ethereum ETH Technical Analysis: ETH/USD bears are testing long-running  ascending trend line for a breach

  • Ethereum price on Monday is trading in the red, down some 2.5% in the session.  
  • An ascending trend line which has been in play since the start of February is being tested to the downside.  

 

Spot rate:                  132.90

Relative change:       -2.50%

High:                          136.85

Low:                           131.95

 

Trends:
       Daily SMA20:  139.08
       Daily SMA50:  125.3
       Daily SMA100:  122.51
       Daily SMA200:  167.46
Levels:
       Previous Daily High:  138.34
       Previous Daily Low:  134.89
       Previous Weekly High:  141.86
       Previous Weekly Low:  123.9
       Previous Monthly High:  167.77
       Previous Monthly Low:  101.12
       Daily Fibonacci 38.2%:  136.21
       Daily Fibonacci 61.8%:  137.02
       Daily Pivot Point S1:  134.62
       Daily Pivot Point S2:  133.02
       Daily Pivot Point S3:  131.16
       Daily Pivot Point R1:  138.08
       Daily Pivot Point R2:  139.94
       Daily Pivot Point R3:  141.53

 

ETH/USD 60-minute chart

  • Near-term buying observed around $131 price territory, a breach could open the door to a fresh wave of selling.  

ETH/USD daily chart

  • ETH/USD bears are testing a trend line which has been in play since early February to the downside.  

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