Home Ethereum Technical Analysis: ETH/USD vulnerabilities point to further potential downside
Crypto News

Ethereum Technical Analysis: ETH/USD vulnerabilities point to further potential downside

  • Ethereum price nursing losses on Tuesday of some 1% in the second part of the day.  
  • ETH/USD price action is moving within consolidation mode after the beating on the weekend.  

 

Spot rate:                137.78

Relative change:     -1.02%

High:                        139.46      

Low:                         135.00      

 

Trend:                       Bearish/Neutral

 

Trends:
       Daily SMA20:  130.41
       Daily SMA50:  124.01
       Daily SMA100:  122.53
       Daily SMA200:  178.66
Levels:
       Previous Daily High:  142.68
       Previous Daily Low:  133.28
       Previous Weekly High:  152.82
       Previous Weekly Low:  123.04
       Previous Monthly High:  163.23
       Previous Monthly Low:  102.17
       Daily Fibonacci 38.2%:  139.09
       Daily Fibonacci 61.8%:  136.87
       Daily Pivot Point S1:  133.94
       Daily Pivot Point S2:  128.91
       Daily Pivot Point S3:  124.54
       Daily Pivot Point R1:  143.35
       Daily Pivot Point R2:  147.71
       Daily Pivot Point R3:  152.75

 

ETH/USD 60-minute chart

  • Price action via the 60-minute chart is moving within a bearish pennant pattern formation.

 

ETH/USD daily chart

  • Ethereum price  has managed to stabilize, after the steep losses on Sunday.  

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.