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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. 
Ethereum Price Forecast: ETH/USD at risk of a daily bear flag breach
Ken ChigboKen ChigboIndependent 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 price157.44
Today Daily Change0.67
Today Daily Change %0.43
Today daily open156.77
 
Trends
Daily SMA20147.31
Daily SMA50168.03
Daily SMA100182.44
Daily SMA200172.29
 
Levels
Previous Daily High159.3
Previous Daily Low149.86
Previous Weekly High176.48
Previous Weekly Low140.8
Previous Monthly High252.76
Previous Monthly Low89.65
Daily Fibonacci 38.2%153.47
Daily Fibonacci 61.8%155.69
Daily Pivot Point S1151.33
Daily Pivot Point S2145.88
Daily Pivot Point S3141.89
Daily Pivot Point R1160.76
Daily Pivot Point R2164.74
Daily Pivot Point R3170.19

Author

Ken Chigbo

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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