Ethereum Price Analysis: ETH/USD supply remains very heavy from $140-150

  • Ethereum price is trading in the red by 3.30% in the session on Wednesday. 
  • ETH/USD is losing ground with price still in consolidation mode, with range breakout nearing.
  • Bearish flag at risk of a breach to the downside as the price narrows. 


ETH/USD daily chart

The price has been moving within a bearish flag structure since 13 March, which would invite another bout of selling pressure if broken. 

ETH/USD 60-chart

Price action is breaking out to the downside from a narrowing range block formation. 


Spot rate:                     134.60

Relative change:          -3.30%

High:                             142.55

Low:                              132.82


Today last price 135.63
Today Daily Change -3.39
Today Daily Change % -2.44
Today daily open 139.02
Daily SMA20 157.42
Daily SMA50 208.24
Daily SMA100 178.84
Daily SMA200 176.77
Previous Daily High 144.05
Previous Daily Low 133.1
Previous Weekly High 153.32
Previous Weekly Low 100.73
Previous Monthly High 288.7
Previous Monthly Low 179.06
Daily Fibonacci 38.2% 139.87
Daily Fibonacci 61.8% 137.28
Daily Pivot Point S1 133.4
Daily Pivot Point S2 127.78
Daily Pivot Point S3 122.45
Daily Pivot Point R1 144.35
Daily Pivot Point R2 149.67
Daily Pivot Point R3 155.29



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