- ETH/USD flirts with the previous day’s record top, consolidates off-late.
- Bullish channel, MACD favor buyers targeting a move towards $2,000.
- RSI conditions join immediate resistance to challenge the bulls.
ETH/USD wavers around the mid-1,700s during early Tuesday. In doing so, the altcoin teases the record high of $1,780, flashed the previous day, inside the one-month-old rising channel.
Not only the bullish chart pattern but upbeat MACD and news from the Stablecoin Printer, suggesting that the Tether Printer just coined $1,000,000,000 USDT to mark the total supply of $31,008,167,441, also favor the ETH/USD buyers.
However, an ascending trend line from the last Friday, at $1,787 now, precedes the $1,800 round-figure to guard the quote’s immediate upside.
Also acting as the key hurdle is the upper line of the stated rising channel, currently around $1,825.
Meanwhile, 10-day SMA and 21-day SMA, respectively near $1,600 and $1,445, will entertain the short-term ETH/USD sellers during the cryptocurrency pair’s pullback.
Even if the ETH/USD drops below $1,445, the support line of the channel, at $1,405 now, followed by the $1,400 round-figure, should become the key for the traders as a downside break of which will raise barriers for the current bullish trend.
ETH/USD daily chart
Additional important levels
|Today last price||1744.6|
|Today Daily Change||-8.38|
|Today Daily Change %||-0.48%|
|Today daily open||1752.98|
|Previous Daily High||1780|
|Previous Daily Low||1565.98|
|Previous Weekly High||1763.93|
|Previous Weekly Low||1271.31|
|Previous Monthly High||1477.3|
|Previous Monthly Low||715.22|
|Daily Fibonacci 38.2%||1698.24|
|Daily Fibonacci 61.8%||1647.74|
|Daily Pivot Point S1||1619.31|
|Daily Pivot Point S2||1485.63|
|Daily Pivot Point S3||1405.29|
|Daily Pivot Point R1||1833.33|
|Daily Pivot Point R2||1913.67|
|Daily Pivot Point R3||2047.35|
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