- Ethereum price on Wednesday is trading in minor negative territory, down some 0.40% in the second half.
- ETH/USD bulls managed to force a breakout from a descending wedge pattern on Tuesday, closing above.
- Eyes are on a possible retest of the breached descending wedge formation.
Spot rate: 137.46
Relative change: -0.42%
High: 141.85
Low: 134.73
Trend: Neutral
Trends:
Daily SMA20: 137.2
Daily SMA50: 123.88
Daily SMA100: 121.38
Daily SMA200: 171.38
Levels:
Previous Daily High: 138.91
Previous Daily Low: 126.04
Previous Weekly High: 167.77
Previous Weekly Low: 127.73
Previous Monthly High: 167.77
Previous Monthly Low: 101.12
Daily Fibonacci 38.2%: 133.99
Daily Fibonacci 61.8%: 130.96
Daily Pivot Point S1: 129.73
Daily Pivot Point S2: 121.45
Daily Pivot Point S3: 116.86
Daily Pivot Point R1: 142.6
Daily Pivot Point R2: 147.19
Daily Pivot Point R3: 155.47
ETH/USD 60-minute chart
- Price action is breaking out of a near-term ascending wedge formation, allowing further selling pressure to come into play.
ETH/USD daily chart
- Bulls managed to force a breakout and closure above a troublesome descending wedge pattern.
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