Ethereum Technical Analysis: ETH/USD another very close call of free-fall
|- Ethereum price on Tuesday is trading up with very minor gains of some 0.70%.
- ETH/USD bears in very early hours on Tuesday has tested a critical ascending trend line to the downside, but it remained intact.
- The price could very easily free-fall down to the pre-February rally levels.
Spot rate: 134.50
Relative change: +0.70%
High: 136.51
Low: 129.20
Trends:
Daily SMA20: 138.54
Daily SMA50: 125.6
Daily SMA100: 122.67
Daily SMA200: 166.72
Levels:
Previous Daily High: 136.86
Previous Daily Low: 131.95
Previous Weekly High: 141.86
Previous Weekly Low: 123.9
Previous Monthly High: 167.77
Previous Monthly Low: 101.12
Daily Fibonacci 38.2%: 133.83
Daily Fibonacci 61.8%: 134.98
Daily Pivot Point S1: 131.4
Daily Pivot Point S2: 129.23
Daily Pivot Point S3: 126.5
Daily Pivot Point R1: 136.3
Daily Pivot Point R2: 139.03
Daily Pivot Point R3: 141.2
ETH/USD 60-minute chart
- A slowdown has been observed at the 38.2% Fibonacci via the 60-minute chart view, proving to be an area of resistance, $135.30-25.
ETH/USD daily chart
- Price remains within the confinements of a triangular pattern structure, nearing a breakout.
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