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Ethereum Price Analysis: ETH/USD bulls aggressively make advance higher with double-digit jump

  • Ethereum price is trading in the green by 12.35% in the session on Thursday. 
  • ETH/USD encountered a huge wave of buying after being under pressure on Wednesday. 
  • There is a known buying region down at $150, which supported Ethereum in its spike north.
Ethereum Price Analysis: ETH/USD bulls aggressively make advance higher with double-digit jump
Ken ChigboKen ChigboIndependent Analyst

ETH/USD daily chart

The bulls forced a hug bounce off the lower acting trend line of a bearish flag pattern.

ETH/USD 60-minute chart

Price action has broken out from a bullish pennant structure via the 60-minute chart view.

Spot rate:                      171.62

Relative change:          +12.35%

High:                             158.81

Low:                              149.86

ETH/USD

Overview
Today last price172.82
Today Daily Change20.00
Today Daily Change %13.09
Today daily open152.82
 
Trends
Daily SMA20149.12
Daily SMA50164.01
Daily SMA100182.76
Daily SMA200172.16
 
Levels
Previous Daily High161.45
Previous Daily Low152.14
Previous Weekly High176.48
Previous Weekly Low140.8
Previous Monthly High252.76
Previous Monthly Low89.65
Daily Fibonacci 38.2%155.69
Daily Fibonacci 61.8%157.89
Daily Pivot Point S1149.49
Daily Pivot Point S2146.16
Daily Pivot Point S3140.18
Daily Pivot Point R1158.8
Daily Pivot Point R2164.77
Daily Pivot Point R3168.1

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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