- 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.
|Today last price||229.05|
|Today Daily Change||-17.75|
|Today Daily Change %||-7.19|
|Today daily open||246.8|
|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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