Home Ethereum Technical Analysis: ETH/USD Bulls are supported for a big retest of 2019 high area
Crypto News

Ethereum Technical Analysis: ETH/USD Bulls are supported for a big retest of 2019 high area

  • Ethereum price holding gains of some 1.70% in the second half of trading on Thursday.
  • ETH/USD mixed picture at the moment; 60-minute view shows a bearish flag formation, daily is supported by an  ascending trend line, for a retest of 2019 high area.  

 

ETH/USD 15-minute chart

image.gif

 

Spot rate:                0.3150

Relative change:     +0.70%

High:                        0.3179

Low:                         0.3101

 

Trend:                       Bearish

 

Trends:
       Daily SMA20:  133.62
       Daily SMA50:  123.41
       Daily SMA100:  121.77
       Daily SMA200:  176.43
Levels:
       Previous Daily High:  141.38
       Previous Daily Low:  127.73
       Previous Weekly High:  152.82
       Previous Weekly Low:  123.04
       Previous Monthly High:  163.23
       Previous Monthly Low:  102.17
       Daily Fibonacci 38.2%:  132.95
       Daily Fibonacci 61.8%:  136.16
       Daily Pivot Point S1:  128.67
       Daily Pivot Point S2:  121.38
       Daily Pivot Point S3:  115.02
       Daily Pivot Point R1:  142.31
       Daily Pivot Point R2:  148.66
       Daily Pivot Point R3:  155.95

 

ETH/USD 60-minute chart

  • Price action has formed a moving within a bearish flag formation, seen via the 60-minute view.  

 

ETH/USD daily chart

  • Bulls gunning for a retest of 2019 high area, supply zone tracks from $150-170 region.  

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.