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ETH/USD Technical Analysis: The technical pattern break sends prices higher

  • Ethereum trades half a percent higher today as crypto sentiment remains mixed.
  • There is a bull flag on the intraday chart that points to some more bullish momentum.
ETH/USD Technical Analysis: The technical pattern break sends prices higher
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

ETH/USD 30-Minute Chart

Ethereum has broken the bull flag chart pattern on the 30-minute chart.

The pole of the formation kicked off on Wednesday after the price hit a low of 141.44.

Sometimes patterns can come back to retest so be aware but the initial signs are good.

The wave high resistance is 155.95 so a break and close above that level is key.

Ethereum Analysis

Additional Levels

ETH/USD

Overview
Today last price154.18
Today Daily Change1.13
Today Daily Change %0.74
Today daily open153.05
 
Trends
Daily SMA20171.45
Daily SMA50176.98
Daily SMA100180.86
Daily SMA200214.4
 
Levels
Previous Daily High156.02
Previous Daily Low141.4
Previous Weekly High186.47
Previous Weekly Low138.19
Previous Monthly High199.04
Previous Monthly Low153.28
Daily Fibonacci 38.2%150.43
Daily Fibonacci 61.8%146.98
Daily Pivot Point S1144.3
Daily Pivot Point S2135.54
Daily Pivot Point S3129.68
Daily Pivot Point R1158.91
Daily Pivot Point R2164.77
Daily Pivot Point R3173.52

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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