• Ethereum Classic trades 1.13% higher on Thursday in a wild day from cryptocurrencies.
  • The main resistance level for the bulls is now 275 but could the RSI divergence cause some bearishness.

ETH/USD 1-Hour Chart

Ethereum hit a wall today just above 275.00 on Wednesday.

Now the ETH/USD pair is consolidating between 278.01 and 253.75.

A break either side now could indicate the longer-term direction for this pair.

On the indicator front, the RSI is showing a bearish divergence. This is when the price makes a higher wave high but the indicator makes a lower high wave.

This shows that the price rise may be losing momentum.

The volume is showing that there is still lots of interest in this pair and both buying and selling volume matched between the two levels mentioned above.

Ethereum Analysis

Additional Levels

ETH/USD

Overview
Today last price 270.65
Today Daily Change 4.28
Today Daily Change % 1.61
Today daily open 266.37
 
Trends
Daily SMA20 197.12
Daily SMA50 166.38
Daily SMA100 161.76
Daily SMA200 175.96
 
Levels
Previous Daily High 275.64
Previous Daily Low 237.67
Previous Weekly High 224.35
Previous Weekly Low 179.06
Previous Monthly High 186.73
Previous Monthly Low 125.81
Daily Fibonacci 38.2% 261.14
Daily Fibonacci 61.8% 252.17
Daily Pivot Point S1 244.14
Daily Pivot Point S2 221.92
Daily Pivot Point S3 206.17
Daily Pivot Point R1 282.11
Daily Pivot Point R2 297.86
Daily Pivot Point R3 320.08

 

 

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