TRENDING:
EUR/USD
US NFP
GBP/USD
XAU/USD
Trade War
USD/CAD
AUD/USD
Sponsored by
Login
|

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.
Ethereum Price Analysis: ETH/USD 1-Hour chart recovery halts at key Fibonacci level
Rajan Dhall, MSTARajan Dhall, MSTAFX 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.

Ethereum

Additional Levels

ETH/USD

Overview
Today last price236.12
Today Daily Change12.33
Today Daily Change %5.51
Today daily open223.79
 
Trends
Daily SMA20254.37
Daily SMA50203.12
Daily SMA100172.59
Daily SMA200179.13
 
Levels
Previous Daily High250.25
Previous Daily Low217.59
Previous Weekly High287.04
Previous Weekly Low237.24
Previous Monthly High186.73
Previous Monthly Low125.81
Daily Fibonacci 38.2%230.06
Daily Fibonacci 61.8%237.77
Daily Pivot Point S1210.84
Daily Pivot Point S2197.88
Daily Pivot Point S3178.18
Daily Pivot Point R1243.49
Daily Pivot Point R2263.2
Daily Pivot Point R3276.15

Author

Rajan Dhall, MSTA

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

More from Rajan Dhall, MSTA
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

BNB Price Forecast: BNB slips below $855 as bearish on-chain signals and momentum indicators turn negative

BNB Price Forecast: BNB slips below $855 as bearish on-chain signals and momentum indicators turn negative

BNB, formerly known as Binance Coin, continues to trade down around $855 at the time of writing on Tuesday, after a slight decline the previous day. Bearish sentiment further strengthens as BNB’s on-chain and derivatives data show rising retail activity.

Top Crypto Losers: Aster, Midnight, and Ethena extend losses as selling pressure mounts

Top Crypto Losers: Aster, Midnight, and Ethena extend losses as selling pressure mounts

Aster, Midnight, and Ethena are the altcoins with the most losses over the last 24 hours, as the broader cryptocurrency market weakens amid Bitcoin dropping below $86,000. ASTER, NIGHT, and ENA risk further losses as selling pressure mounts and risk-off sentiment spreads across the crypto market.

Ethereum Price Forecast: BitMine acquires 102,259 ETH as price plunges 5%

Ethereum Price Forecast: BitMine acquires 102,259 ETH as price plunges 5%

Ethereum (ETH) treasury company BitMine Immersion scaled up its digital asset stash last week after acquiring 102,259 ETH since its last update. The purchase has increased the company's holdings to 3.96 million ETH, worth about $11.82 billion at the time of publication.

Strategy scoops about $1 billion in Bitcoin for second consecutive week

Strategy scoops about $1 billion in Bitcoin for second consecutive week

Bitcoin (BTC) treasury and financial intelligence firm Strategy expanded its holdings following another round of weekly accumulation.

Orange Juice Newsletter – Smart insights by real people. Every day.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.