Ethereum Technical Analysis: ETH/USD strong daily support saves the price for now; trouble could still be around the corner

• Etheruem  price on Monday trading up with decent gains of 3.6% into the second half of the day.  
• ETH/USD bounced off a large daily support area seen at $133, a failure to hold could see a free-fall back down to $100.  

ETH/USD 15-minute chart

• Narrowing price action observed via the 15-minute chart view, indicating  of  a potential  near-term explosive breakout.  

Spot rate:                138.39

Relative change:     +3.62%

High:                        141.04

Low:                         133.28

Trend:                       Bullish

Trends:
       Daily SMA20:  128.81
       Daily SMA50:  124.49
       Daily SMA100:  122.95
       Daily SMA200:  179.85
Levels:
       Previous Daily High:  167.77
       Previous Daily Low:  133.2
       Previous Weekly High:  152.82
       Previous Weekly Low:  123.04
       Previous Monthly High:  163.23
       Previous Monthly Low:  102.17
       Daily Fibonacci 38.2%:  146.4
       Daily Fibonacci 61.8%:  154.56
       Daily Pivot Point S1:  121.89
       Daily Pivot Point S2:  110.26
       Daily Pivot Point S3:  87.32
       Daily Pivot Point R1:  156.46
       Daily Pivot Point R2:  179.4
       Daily Pivot Point R3:  191.04

ETH/USD 60-minute chart

• Price action narrowing within a pennant pattern structure, something seen with several of its peers.

ETH/USD daily chart

• Price action managed to catch a firm chunky bounce off key daily support, eyed at the $133 level.