Ethereum Price Prediction: ETH/USD stabilization is another bear attack opportunity

Ethereum price is trading in the green by 0.50% in the session on Tuesday.
ETH/USD trading conditions are tight as the price consolidates, risks remain tilted to the south.
Caution and a lack of commitment being observed, given soft investor sentiment.

Ken Chigbo Independent Analyst

ETH/USD daily chart

Ethereum daily price action like many of its peers is tight, moving within the confinements of a bearish flag structure.

ETH/USD 60-minute chart

The price broke out of a narrowing range block formation, resting and making way for further downside.

Spot rate: 132.98

Relative change: +0.50%

High: 134.34

Low: 130.69

ETH/USD

Overview
Today last price	132.71
Today Daily Change	0.41
Today Daily Change %	0.31
Today daily open	132.3

Trends
Daily SMA20	131.37
Daily SMA50	198.53
Daily SMA100	179.07
Daily SMA200	175.44

Levels
Previous Daily High	135.47
Previous Daily Low	124.17
Previous Weekly High	144.05
Previous Weekly Low	119.36
Previous Monthly High	288.7
Previous Monthly Low	179.06
Daily Fibonacci 38.2%	131.15
Daily Fibonacci 61.8%	128.49
Daily Pivot Point S1	125.83
Daily Pivot Point S2	119.35
Daily Pivot Point S3	114.53
Daily Pivot Point R1	137.12
Daily Pivot Point R2	141.94
Daily Pivot Point R3	148.42

Author

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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