• Ethereum could break the bull flag pattern on the hourly chart.
  • There has also been a very strong trendline that has performed well on this timeframe.

 

ETH/USD 1-Hour Chart

ETC/USD has been moving in a nice uptrend since 24th January on the hourly chart.

Now it seems the price has consolidated into a bull flag pattern. 

An upside breakout will clearly be bullish for the crypto major but we need to see if the buyers regain control.

Elsewhere, on the downside, the trendline had been tested (4 times) with some shadows (wicks) managing to breach the zone. 

However, there was no definitive close below the trendline so for me, it remains intact.

Ethereum Technical Analysis

Additional Levels

ETH/USD

Overview
Today last price 187.86
Today Daily Change -1.44
Today Daily Change % -0.76
Today daily open 189.3
 
Trends
Daily SMA20 172.1
Daily SMA50 149.45
Daily SMA100 158.22
Daily SMA200 175.77
 
Levels
Previous Daily High 195.35
Previous Daily Low 186.57
Previous Weekly High 186.73
Previous Weekly Low 159.22
Previous Monthly High 186.73
Previous Monthly Low 125.81
Daily Fibonacci 38.2% 192
Daily Fibonacci 61.8% 189.92
Daily Pivot Point S1 185.46
Daily Pivot Point S2 181.62
Daily Pivot Point S3 176.67
Daily Pivot Point R1 194.25
Daily Pivot Point R2 199.19
Daily Pivot Point R3 203.03

 

 

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