• ETH/USD eases from intraday top while keeping the bounce off three-day low.
  • Bearish MACD, one-week-old resistance line test buyers, six-week-old support line adds to the downside filters.

ETH/USD steps back from the day’s high of $1,322 to $1,311, down 0.16%, during early Monday. The Ethereum buyers recently returned, like multiple times in the last one week, from 21-day SMA even as bearish MACD and a falling trend line from last Thursday challenge the upside momentum.

The altcoin’s latest pullback can’t be considered serious unless breaking 21-day SMA, at $1,269 now, a break of which will drag the quote an ascending trend line from December 23 near $1,205.

It should, however, be noted that a downside break of $1,205 will need validation from the $1,200 threshold before challenging the 50-day SMA level of $1,006.

Meanwhile, the sustained upside will attack the short-term resistance line, currently around $1,417, before directing ETH/USD bulls to January top, also the record high of $1,477.

During the quote’s run-up beyond $1,477, the $1,500 psychological magnet could gain the market’s attention.

Overall, ETH/USD is in an uptrend but short-term pullbacks can’t be ruled out.

ETH/USD daily chart

Trend: Bullish

Additional important levels

Overview
Today last price 1318.83
Today Daily Change 4.89
Today Daily Change % 0.37%
Today daily open 1313.94
 
Trends
Daily SMA20 1267.53
Daily SMA50 992.14
Daily SMA100 743.5
Daily SMA200 554.25
 
Levels
Previous Daily High 1382
Previous Daily Low 1283
Previous Weekly High 1477.3
Previous Weekly Low 1206.05
Previous Monthly High 1477.3
Previous Monthly Low 715.22
Daily Fibonacci 38.2% 1320.82
Daily Fibonacci 61.8% 1344.18
Daily Pivot Point S1 1270.63
Daily Pivot Point S2 1227.31
Daily Pivot Point S3 1171.63
Daily Pivot Point R1 1369.63
Daily Pivot Point R2 1425.31
Daily Pivot Point R3 1468.63

 

 

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