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ETH/USD Technical Analysis: Price has moved into a tight intraday consolidation area

  • Ethereum has fallen 4.35% on Thursday after the price rise on Wednesday.
  • The price has moved into a very tight consolidation zone.
ETH/USD Technical Analysis: Price has moved into a tight intraday consolidation area
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

ETH/USD 30-Minute Chart

Ethereum has moved into a tight zone between 125.70 and 128.60.

The key point will be any potential breakout.

The support is right at the bottom of the chart near 116.25, while the resistance is the consolidation high at 134.81.

The RSI is mid-range and not offering many clues at the moment, while the volume is low.

130.00 has provided some support in the past so that it could be a small sticky point.

Ethereum Analysis

Additional Levels

ETH/USD

Overview
Today last price126.85
Today Daily Change-6.25
Today Daily Change %-4.70
Today daily open133.1
 
Trends
Daily SMA20145.11
Daily SMA50163.81
Daily SMA100173.39
Daily SMA200205.42
 
Levels
Previous Daily High134.85
Previous Daily Low116.41
Previous Weekly High152.14
Previous Weekly Low139.4
Previous Monthly High194.8
Previous Monthly Low132.49
Daily Fibonacci 38.2%127.81
Daily Fibonacci 61.8%123.45
Daily Pivot Point S1121.39
Daily Pivot Point S2109.67
Daily Pivot Point S3102.94
Daily Pivot Point R1139.83
Daily Pivot Point R2146.57
Daily Pivot Point R3158.28

Author

Rajan Dhall, MSTA

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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