Ethereum Price Analysis: ETH/USD breaking down $100 could be very punishing this time

  • Ethereum price is trading in the red by 0.10% in the session on Wednesday. 
  • ETH/USD is set for further potential damage as the price consolidates within a narrow range. 
  • The next major support for the price is eyed at $100, a breach would be damaging.  

ETH/USD daily chart

Trading conditions are tight within a pennant pattern via the daily chart view. The narrowing has been observed for going on six sessions. 

ETH/USD 60-minute chart

The price has smashed out of a bearish flag to the downside, inviting further pressure south. Eyes on a possible retest. 

Spot rate:                     111.71

Relative change:          -0.10%

High:                             118.44

Low:                              110.25


Today last price 116.08
Today Daily Change -0.08
Today Daily Change % -0.07
Today daily open 116.16
Daily SMA20 189.99
Daily SMA50 215.35
Daily SMA100 179.82
Daily SMA200 178.23
Previous Daily High 121.33
Previous Daily Low 109.8
Previous Weekly High 237.78
Previous Weekly Low 89.65
Previous Monthly High 288.7
Previous Monthly Low 179.06
Daily Fibonacci 38.2% 116.93
Daily Fibonacci 61.8% 114.21
Daily Pivot Point S1 110.2
Daily Pivot Point S2 104.23
Daily Pivot Point S3 98.66
Daily Pivot Point R1 121.73
Daily Pivot Point R2 127.3
Daily Pivot Point R3 133.27



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