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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. 
Ethereum Price Prediction: ETH/USD stabilization is another bear attack opportunity
Ken ChigboKen ChigboIndependent 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 price132.71
Today Daily Change0.41
Today Daily Change %0.31
Today daily open132.3
 
Trends
Daily SMA20131.37
Daily SMA50198.53
Daily SMA100179.07
Daily SMA200175.44
 
Levels
Previous Daily High135.47
Previous Daily Low124.17
Previous Weekly High144.05
Previous Weekly Low119.36
Previous Monthly High288.7
Previous Monthly Low179.06
Daily Fibonacci 38.2%131.15
Daily Fibonacci 61.8%128.49
Daily Pivot Point S1125.83
Daily Pivot Point S2119.35
Daily Pivot Point S3114.53
Daily Pivot Point R1137.12
Daily Pivot Point R2141.94
Daily Pivot Point R3148.42

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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