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Ethereum technical analysis: ETH/USD $100 return is near

  • Ethereum price is trading in the green, up 0.30% the session on Wednesday. 
  • ETH/USD is running closer towards a big $100 return, last seen in February. 
  • The price has dropped over 35% within the last seven weeks, of which it is has been falling. 
Ethereum technical analysis: ETH/USD $100 return is near
Ken ChigboKen ChigboIndependent Analyst

ETH/USD weekly chart

The next major weekly support is seen at the psychological $100 price point. 

ETH/USD daily chart

Vulnerabilities to the downside have been at large since the bears forced breach of a pennant structure.

Spot rate:                122.32

Relative change:       +0.30%

High:                         125.51 

Low:                           116.00

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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