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Ethereum Price Forecast: ETH/USD at risk of a daily bear flag breach

Ethereum price is trading in the green by 1.15% in the session on Tuesday.
ETH/USD has been moving within consolidation mode over the last few sessions.
The price to move into a definitive trend needs to break down $200 to the upside, or $150 to the downside.

Ken Chigbo Independent Analyst

ETH/USD daily chart

Price action has formed a potential bearish flag via the daily chart view, at risk of a breakout to the downside.

ETH/USD 60-minute chart

The price movements via the 60-minute chart view remain very much directionless, with supply observed from $157-159. There is the possibility of a bullish pennant breakout.

Spot rate: 153.38

Relative change: +1.15%

High: 159.2658.81

Low: 155.61

ETH/USD

Overview
Today last price	157.44
Today Daily Change	0.67
Today Daily Change %	0.43
Today daily open	156.77

Trends
Daily SMA20	147.31
Daily SMA50	168.03
Daily SMA100	182.44
Daily SMA200	172.29

Levels
Previous Daily High	159.3
Previous Daily Low	149.86
Previous Weekly High	176.48
Previous Weekly Low	140.8
Previous Monthly High	252.76
Previous Monthly Low	89.65
Daily Fibonacci 38.2%	153.47
Daily Fibonacci 61.8%	155.69
Daily Pivot Point S1	151.33
Daily Pivot Point S2	145.88
Daily Pivot Point S3	141.89
Daily Pivot Point R1	160.76
Daily Pivot Point R2	164.74
Daily Pivot Point R3	170.19

Author

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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ETH/USD daily chart

ETH/USD 60-minute chart

ETH/USD

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