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Ethereum Price Analysis: ETH/USD 1-Hour chart recovery halts at key Fibonacci level

Ethereum has bounced back on Thursday after a few tough sessions.
The price has just met some intraday resistance at the 38.2% Fibonacci level.

Rajan Dhall, MSTA FX Daily

ETH/USD 1-Hour Chart

Ethereum fell around 27% from the high seen on February 18th.

Now there have been some signs of a small recovery but more data is needed.

Today the price has moved 4.5% higher but stopped short on the 38.2% Fibonacci level (240.00).

For the downtrend to continue a close below 215.00 would be needed.

On the upside, the next resistance is at 250.00 and on the chart below you can see it had been used many times.

Additional Levels

ETH/USD

Overview
Today last price	236.12
Today Daily Change	12.33
Today Daily Change %	5.51
Today daily open	223.79

Trends
Daily SMA20	254.37
Daily SMA50	203.12
Daily SMA100	172.59
Daily SMA200	179.13

Levels
Previous Daily High	250.25
Previous Daily Low	217.59
Previous Weekly High	287.04
Previous Weekly Low	237.24
Previous Monthly High	186.73
Previous Monthly Low	125.81
Daily Fibonacci 38.2%	230.06
Daily Fibonacci 61.8%	237.77
Daily Pivot Point S1	210.84
Daily Pivot Point S2	197.88
Daily Pivot Point S3	178.18
Daily Pivot Point R1	243.49
Daily Pivot Point R2	263.2
Daily Pivot Point R3	276.15

Author

Rajan Dhall, MSTA

FX Daily

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

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ETH/USD 1-Hour Chart

Additional Levels

ETH/USD

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