• Ethereum has not evaded the crypto sell off on Wednesday and has fallen 7.29%.
  • The market has found support at a key Fib confluence area marked on the chart below.

ETH/USD 4-Hour Chart

 

Today has been a serious bear day in the crypto world.

Ethereum is still over 7% lower despite finding some support recently.

There is a decent support level on the chart below where the 1.618% extension and the 38.2% retracement meet.

The retracement was drawn on the daily chart so not all of it is in the picture but it has worked to great effect.

There has now been a large hammer candle printed, which could also be a bullish signal.

Ethereum

Additional Levels

ETH/USD

Overview
Today last price 229.05
Today Daily Change -17.75
Today Daily Change % -7.19
Today daily open 246.8
 
Trends
Daily SMA20 253.82
Daily SMA50 201.51
Daily SMA100 172.19
Daily SMA200 179.14
 
Levels
Previous Daily High 266.2
Previous Daily Low 244.75
Previous Weekly High 287.04
Previous Weekly Low 237.24
Previous Monthly High 186.73
Previous Monthly Low 125.81
Daily Fibonacci 38.2% 252.95
Daily Fibonacci 61.8% 258.01
Daily Pivot Point S1 238.97
Daily Pivot Point S2 231.14
Daily Pivot Point S3 217.52
Daily Pivot Point R1 260.42
Daily Pivot Point R2 274.03
Daily Pivot Point R3 281.86

 

 

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