- ETH/USD wavers around intraday high while extending Thursday’s recovery moves near record top.
- Ascending trend channel, strong RSI joins MACD conditions and sustained trading beyond 100-bar SMA to favor buyers.
- Sellers to have a bumpy road before revisiting early January levels.
Also favoring the ethereum buyers is the strong RSI conditions, receding strength of the bearish MACD and a three-week-old rising trend channel formation.
Considering the quote’s latest pullback moves, the support line of the weekly triangle and 21-bar SMA, near $1,760, can restrict immediate downside. However, any further weakness may not refrain from challenging the bullish chart formation while directing ETH/USD bears toward $1,550.
It should be noted that the sellers need validation from a 100-bar SMA level of $1,533 to challenge the uptrend.
Alternatively, the stated triangle’s resistance near $1,870 and the channel’s upper line near $1,920 can test the ETH/USD bulls targeting the $2,000 psychological magnet.
ETH/USD four-hour chart
Additional important levels
|Today last price||1791.97|
|Today Daily Change||4.65|
|Today Daily Change %||0.26%|
|Today daily open||1787.32|
|Previous Daily High||1819|
|Previous Daily Low||1704.23|
|Previous Weekly High||1763.93|
|Previous Weekly Low||1271.31|
|Previous Monthly High||1477.3|
|Previous Monthly Low||715.22|
|Daily Fibonacci 38.2%||1775.16|
|Daily Fibonacci 61.8%||1748.07|
|Daily Pivot Point S1||1721.37|
|Daily Pivot Point S2||1655.41|
|Daily Pivot Point S3||1606.6|
|Daily Pivot Point R1||1836.14|
|Daily Pivot Point R2||1884.95|
|Daily Pivot Point R3||1950.91|
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