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Ethereum Technical Analysis: ETH/USD one barrier breach away from $100 return

  • Ethereum price on Friday holding minor gains of just some 0.30% in the second half of the session.  
  • ETH/USD is just one barrier away from potential return back down to $100,  if the bulls fail to capitalise on a decent near-term demand zone.  

 

Spot rate:                136.73

Relative change:     +0.30%

High:                        137.66

Low:                         135.73

 

Trend:                       Neutral/Bearish

Trends:
       Daily SMA20:  134.46
       Daily SMA50:  123.11
       Daily SMA100:  121.36
       Daily SMA200:  175.45
Levels:
       Previous Daily High:  140.12
       Previous Daily Low:  134.04
       Previous Weekly High:  152.82
       Previous Weekly Low:  123.04
       Previous Monthly High:  167.77
       Previous Monthly Low:  101.12
       Daily Fibonacci 38.2%:  137.8
       Daily Fibonacci 61.8%:  136.36
       Daily Pivot Point S1:  133.49
       Daily Pivot Point S2:  130.73
       Daily Pivot Point S3:  127.41
       Daily Pivot Point R1:  139.56
       Daily Pivot Point R2:  142.88
       Daily Pivot Point R3:  145.64

 

ETH/USD 60-minute chart

  • The range has narrowed greatly via the 60-minute chart view, subject to a near-term breakout.  

 

ETH/USD daily chart

  • Price action remains somewhat subdued via the daily, a key demand zone should be noted from $125-115.

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