Ethereum Price Analysis: ETH/USD at risk of a potential bear flag

  • Ethereum price is trading in the red by 3.60% in the session on Friday. 
  • ETH/USD price action is flirting with the breached top area around $177-175.
  • The bulls managed to push to the highest level since mid-November 2019. 

ETH/USD weekly chart

Price action is moving within an ascending channel structure via the weekly chart view,  also viewable as a bearish flag. 

ETH/USD daily chart

A heavy amount of near-term supply should be noted at the range of $170-190 via the daily chart. 


Spot rate:                     177.80

Relative change:          -3.60%

High:                             185.49

Low:                              175.05


Today last price 180.04
Today Daily Change -4.44
Today Daily Change % -2.41
Today daily open 184.48
Daily SMA20 164.96
Daily SMA50 146.08
Daily SMA100 157.57
Daily SMA200 177.25
Previous Daily High 186.73
Previous Daily Low 170.61
Previous Weekly High 177.88
Previous Weekly Low 155.21
Previous Monthly High 153.16
Previous Monthly Low 116.41
Daily Fibonacci 38.2% 180.57
Daily Fibonacci 61.8% 176.77
Daily Pivot Point S1 174.48
Daily Pivot Point S2 164.48
Daily Pivot Point S3 158.36
Daily Pivot Point R1 190.6
Daily Pivot Point R2 196.73
Daily Pivot Point R3 206.73



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