Ethereum Technical Analysis: ETH/USD aggressively spikes a fast 3% higher; move short-lived


  • Ethereum price trading with decent gains of around 2% on Thursday, outperforming its peers
  • ETH/USD price action aggressively spikes out from a descending wedge pattern. 

Spot rate:                 135.25

Relative change:      -0.70%

High:                        138.68

Low:                         131.74

Trends:
    Daily SMA20: 137.1
    Daily SMA50: 126.24
    Daily SMA100: 123.03
    Daily SMA200: 165.32
Levels:
    Previous Daily High: 134.76
    Previous Daily Low: 131.65
    Previous Weekly High: 141.86
    Previous Weekly Low: 123.9
    Previous Monthly High: 167.77
    Previous Monthly Low: 101.12
    Daily Fibonacci 38.2%: 132.84
    Daily Fibonacci 61.8%: 133.57
    Daily Pivot Point S1: 131.43
    Daily Pivot Point S2: 129.98
    Daily Pivot Point S3: 128.32
    Daily Pivot Point R1: 134.54
    Daily Pivot Point R2: 136.21
    Daily Pivot Point R3: 137.65

 

ETH/USD 60-minute chart

  • ETH/USD sees a fast spike higher, appearing to be short-lived out from a descending wedge pattern. 

ETH/USD daily chart

  • Daily price action is somewhat worrying, as the price is slipping underneath an ascending trend line. 

 

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