- ETH/USD keeps recovery moves from two-week bottom despite latest pullback.
- Bounce off two-month-old support line joins daily closing beyond 21-day SMA to back the bulls
- 11-day-old trend line guards immediate upside ahead of the $2,000 threshold.
ETH/USD stays on the front foot, recently easing to $1,755, during the early Tuesday’s trading. In doing so, the altcoin keeps the recovery moves from the previous day’s heavy downtick that recalled two-week lows in a flash move.
However, failures to slip beneath an upward sloping trend line from December 23 join a daily closing beyond 21-day SMA to favor the ETH/USD buyers.
As a result, the Ethereum bulls are currently eyeing an area comprising February 13 top and February 23 low, around $1,875-85.
In a case where the ETH/USD bulls remain dominant past-$$1,885, the $2,000 will gain the market’s attention.
Meanwhile, a downside break of the stated support line, at $1,562 now, needs validation from a 50-day SMA level of $1,482 before convincing the Ethereum sellers.
Following that, the late-January lows near $1,040 and the $1,000 psychological magnet should be in the spotlight.
ETH/USD daily chart
Additional important levels
|Today last price||1778.66|
|Today Daily Change||0.00|
|Today Daily Change %||0.00%|
|Today daily open||1778.66|
|Previous Daily High||1938.95|
|Previous Daily Low||1518.58|
|Previous Weekly High||1974.98|
|Previous Weekly Low||1659.93|
|Previous Monthly High||1477.3|
|Previous Monthly Low||715.22|
|Daily Fibonacci 38.2%||1679.16|
|Daily Fibonacci 61.8%||1778.37|
|Daily Pivot Point S1||1551.84|
|Daily Pivot Point S2||1325.03|
|Daily Pivot Point S3||1131.47|
|Daily Pivot Point R1||1972.21|
|Daily Pivot Point R2||2165.77|
|Daily Pivot Point R3||2392.58|
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