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Ethereum Technical Analysis: ETH/USD $180 beckons on breaking trendline resistance

  • Ethereum recovery remains sluggish below $160 resistance zone.
  • Most technical indicators remain bullish in the course of the weekend trading on Saturday.

Spot rate: $154.89

Relative change: -0.1056

Percentage change: 0.006%

Trend: Bullish

Volatility: Shrinking

ETH/USD daily chart

Bullish sentiments growing for Ethereum as the full stochastic oscillator corrects from the oversold.

Ethereum must break both the resistances at $160 and the descending trendline to open the door for gains heading to $180.

ETH/USD 4-hour chart


 

Ethereum grinds closer to a falling wedge pattern breakdown.

The 50 SMA at $150 is in line to offer support in addition to $145, $140 and $130.

ETH/USD 1-hour chart

Ethereum trend has a bullish bias in the short term, trendline support continues to be instrumental.

The price is trading above the 50 SMA and the 100 SMA.

ETH/USD

Overview
Today last price154.9
Today Daily Change-0.10
Today Daily Change %-0.06
Today daily open155
 
Trends
Daily SMA20168.33
Daily SMA50175.61
Daily SMA100179.95
Daily SMA200214.22
 
Levels
Previous Daily High158.05
Previous Daily Low150.76
Previous Weekly High158.05
Previous Weekly Low132.49
Previous Monthly High199.04
Previous Monthly Low153.28
Daily Fibonacci 38.2%155.27
Daily Fibonacci 61.8%153.55
Daily Pivot Point S1151.16
Daily Pivot Point S2147.32
Daily Pivot Point S3143.87
Daily Pivot Point R1158.45
Daily Pivot Point R2161.89
Daily Pivot Point R3165.73

Author

John Isige

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

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