Search ForexCrunch
  • Ethereum price on Thursday nursing losses of just some 0.3% latter part of session.
  • ETH/USD sees a huge area of demand protecting the $100 area, but may be subject to a break lower soon enough. Bearish target eyed at December 2018 low area, within $80 territory.  

ETH/USD 15-minute chart

  • Price action breached a near-term ascending trend line, inviting a wave of selling this afternoon.  

 

Spot rate:                104.26

Relative change:     -0.30%

High:                        106.00

Low:                         103.63

 

Trend:                       Bearish/Neutral  

 

Support 1:                101.34, daily pivot point support.

Support 2:                98.15, daily pivot point support.

Support 3:                95.17, daily pivot point support.

Resistance 1:           107.51, daily pivot point resistance.

Resistance  2:           110.49, daily pivot point resistance.

Resistance  3:           113.68, daily pivot point resistance.

 

ETH/USD 60-minute chart

  • Near-term bearish momentum could drive the price to retest the $100 handle. Further south, eyes will be on $80 territory, December 2018 low area.  

 

ETH/USD daily chart

  • Huge daily support eyed protecting the big psychological $100 mark, remains under threat.