• 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

Trend: Bullish

Additional important levels

Overview
Today last price 1778.66
Today Daily Change 0.00
Today Daily Change % 0.00%
Today daily open 1778.66
 
Trends
Daily SMA20 1787.26
Daily SMA50 1468.25
Daily SMA100 1037.23
Daily SMA200 713.25
 
Levels
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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