Ethereum Technical Analysis: ETH/USD supported for a big $4000 retest
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Ethereum Technical Analysis: ETH/USD supported for a big $4000 retest

  • Ethereum price on Wednesday is trading in minor positive territory up some 0.50%.  
  • ETH/USD is being supported to the upside by an ascending daily trend line. However, price  remains within consolidation mode, following the weekend selling.  

ETH/USD 15-minute chart  

  • The price is moving within a very narrow nature, not too surprising ahead of the network hard forks  tomorrow.  

Spot rate:                137.97

Relative change:     +0.56%

High:                        141.37

Low:                         135.70


Trend:                       Neutral/Bullish

       Daily SMA20:  132.04
       Daily SMA50:  123.71
       Daily SMA100:  122.15
       Daily SMA200:  177.57
       Previous Daily High:  139.46
       Previous Daily Low:  134.74
       Previous Weekly High:  152.82
       Previous Weekly Low:  123.04
       Previous Monthly High:  163.23
       Previous Monthly Low:  102.17
       Daily Fibonacci 38.2%:  136.55
       Daily Fibonacci 61.8%:  137.66
       Daily Pivot Point S1:  134.78
       Daily Pivot Point S2:  132.4
       Daily Pivot Point S3:  130.06
       Daily Pivot Point R1:  139.5
       Daily Pivot Point R2:  141.84
       Daily Pivot Point R3:  144.21

ETH/USD 60-minute chart

  • ETH/USD near-term price action is narrowing within a range-block formation, subject to potential  breakout south.

ETH/USD daily chart

  • Etheruem  price continues to trade with limited action, ahead of the scheduled hard forks, anticipated tomorrow.  

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