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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.
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.

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