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Ethereum Price Analysis: The price is getting sticky at an important Fibonacci level

  • Ethereum is trading 1.53% higher on Friday as general crypto sentiment is positive.
  • ETH/USD has moved higher and is stalling at the 61.8% Fibonacci level.
Ethereum Price Analysis: The price is getting sticky at an important Fibonacci level
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

ETH/USD Daily Chart

Ethereum is trading higher on Friday.

Now the price has moved above 270.00 which is a key Fibonacci level.

The 61.8% is often considered the most important of the retracement levels. 

If the level breaks and holds the next resistance is at 320.00.

It's hard to track a chart that has such velocity, In this instance it's hard to see where this rally will end.

Ethereum Analysis

Additional Levels

ETH/USD

Overview
Today last price273.4
Today Daily Change4.90
Today Daily Change %1.82
Today daily open268.5
 
Trends
Daily SMA20202.43
Daily SMA50169.25
Daily SMA100162.58
Daily SMA200176.22
 
Levels
Previous Daily High277.39
Previous Daily Low255.64
Previous Weekly High224.35
Previous Weekly Low179.06
Previous Monthly High186.73
Previous Monthly Low125.81
Daily Fibonacci 38.2%269.08
Daily Fibonacci 61.8%263.95
Daily Pivot Point S1256.96
Daily Pivot Point S2245.43
Daily Pivot Point S3235.21
Daily Pivot Point R1278.71
Daily Pivot Point R2288.92
Daily Pivot Point R3300.46

Author

Rajan Dhall, MSTA

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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