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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.

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
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