Ethereum Technical Analysis: ETH/USD aggressively  spikes a fast 3% higher; move short-lived

• Ethereum  price trading with  decent gains of around 2% on Thursday, outperforming its peers
• ETH/USD price action aggressively  spikes out from a descending wedge pattern.  

Spot rate:                  135.25

Relative change:       -0.70%

High:                         138.68

Low:                          131.74

Trends:
       Daily SMA20:  137.1
       Daily SMA50:  126.24
       Daily SMA100:  123.03
       Daily SMA200:  165.32
Levels:
       Previous Daily High:  134.76
       Previous Daily Low:  131.65
       Previous Weekly High:  141.86
       Previous Weekly Low:  123.9
       Previous Monthly High:  167.77
       Previous Monthly Low:  101.12
       Daily Fibonacci 38.2%:  132.84
       Daily Fibonacci 61.8%:  133.57
       Daily Pivot Point S1:  131.43
       Daily Pivot Point S2:  129.98
       Daily Pivot Point S3:  128.32
       Daily Pivot Point R1:  134.54
       Daily Pivot Point R2:  136.21
       Daily Pivot Point R3:  137.65

ETH/USD 60-minute chart

• ETH/USD sees a fast spike higher, appearing to be short-lived  out from a descending wedge pattern.  

ETH/USD daily chart

• Daily price action is somewhat worrying, as the price is slipping underneath an ascending trend line.