TRENDING:
US PCE
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

Ethereum technical analysis: ETH/USD another potential drop south eyed

  • Ethereum price is trading in the red, up 2.05% the session on Monday
  • ETH/USD downside momentum continues with the price running at its fourth consecutive week in the red. 
  • There is a lack of signage in a change in trend, as the price trades around the lowest levels in eight months.
Ethereum technical analysis: ETH/USD another potential drop south eyed
Ken ChigboKen ChigboIndependent Analyst

ETH/USD weekly chart

The price is currently trading within a critical weekly zone, $160-130. Should this be breached a fast move down to $100 could come into play.

ETH/USD daily chart

Daily price action is moving within a bearish pennant structure, subject to a potential breakout south.

Spot rate:                  148.15

Relative change:      -0.80%

High:                          151.55

Low:                           147.49

ETH/USD

Overview
Today last price148.12
Today Daily Change-2.81
Today Daily Change %-1.86
Today daily open150.93
 
Trends
Daily SMA20152.49
Daily SMA50170.2
Daily SMA100176.41
Daily SMA200210.7
 
Levels
Previous Daily High152.14
Previous Daily Low146.5
Previous Weekly High153.16
Previous Weekly Low143.51
Previous Monthly High194.8
Previous Monthly Low132.49
Daily Fibonacci 38.2%149.99
Daily Fibonacci 61.8%148.66
Daily Pivot Point S1147.57
Daily Pivot Point S2144.22
Daily Pivot Point S3141.93
Daily Pivot Point R1153.21
Daily Pivot Point R2155.5
Daily Pivot Point R3158.85

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.

More from Ken Chigbo
Share:

Editor's Picks

Ripple bulls eye another breakout with $1.70 in sight

Ripple bulls eye another breakout with $1.70 in sight

Ripple (XRP) upholds a strong bullish outlook, while consolidating near $1.50 on Tuesday. A 72% rally last week pushed the token to $1.70 before it pulled back to seek support amid possible profit-taking and an overstretched market trend.

Polygon extends rally as bull market discovers steady network growth

Polygon extends rally as bull market discovers steady network growth

Polygon (POL) advances to a steady recovery above $0.1200 on Tuesday for the fifth consecutive day, sustaining its 45% gains from last week. The Polygon network is witnessing steady growth in transaction activity and real economic value.

Crypto Today: Bitcoin soars past $80K as Ethereum and XRP hold gains

Crypto Today: Bitcoin soars past $80K as Ethereum and XRP hold gains

Bitcoin (BTC) is trading above $80,000 on Tuesday. This is the highest level the Crypto King has traded since mid-May, underscoring a positive shift in investors' risk-on sentiment, liquidity conditions and the technical outlook.

Bitcoin rally above $80,000 shows signs of overheating 

Bitcoin rally above $80,000 shows signs of overheating 

Bitcoin extends gains, trading above $80,000 at the time of writing on Tuesday following its strongest weekly rise in more than three years. Institutional demand continues to support this rally, with spot ETFs recording positive inflows on Monday.

Bitcoin: The US Treasury saves BTC

Bitcoin: The US Treasury saves BTC

Bitcoin extends gains, trading above $77,000 on Friday after rallying over 20% and reaching its highest level since mid-May. Crypto markets continue to cheer the US Treasury’s decision to double its debt buyback operations, posting their 7th-largest liquidation event in history.