TRENDING:
Trade War
XAU/USD
Silver
EUR/USD
GBP/USD
USD/CAD
AUD/USD
Sponsored by
Login
|

Ethereum technical analysis: ETH/USD bearish pennant structure subject to breakout and a fresh wave of selling pressure

  • Ethereum price in the second half of Tuesday is trading in the red, down some 2.50%. 
  • ETH/USD price action remains stuck within a bearish pennant structure, subject to a breakout. 
  • Price action via the daily chart view is constructing a potential inverse head and shoulders pattern.
Ethereum technical analysis: ETH/USD bearish pennant structure subject to breakout and a fresh wave of selling pressure
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                 205.46

Relative change:      -2.50%

High:                        211.39

Low:                         208.01

ETH/USD

Overview
Today last price205.39
Today Daily Change-5.97
Today Daily Change %-2.82
Today daily open211.36
 
Trends
Daily SMA20217.15
Daily SMA50249.7
Daily SMA100247.06
Daily SMA200194.22
Levels
Previous Daily High216.7
Previous Daily Low209.79
Previous Weekly High239.56
Previous Weekly Low206.63
Previous Monthly High318.46
Previous Monthly Low190.64
Daily Fibonacci 38.2%212.43
Daily Fibonacci 61.8%214.06
Daily Pivot Point S1208.53
Daily Pivot Point S2205.7
Daily Pivot Point S3201.62
Daily Pivot Point R1215.44
Daily Pivot Point R2219.52
Daily Pivot Point R3222.35

ETH/USD daily chart

  • Price action is stuck within a bearish pennant structure, subject to a breakout.

ETH/USD 60-minute chart

  •  Buyers are trying to protect the psychological $200, which remains vulnerable.

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

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.

Bitcoin, Ethereum, and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum, and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Ethereum Price Forecast: FG Nexus continues distribution amid signs of returning risk-on sentiment

Ethereum Price Forecast: FG Nexus continues distribution amid signs of returning risk-on sentiment

FG Nexus, once dubbed an Ethereum treasury firm, resumed offloading the top altcoin on Wednesday, distributing 7,550 ETH, according to data from smart money tracker EmberCN.

Top Crypto Gainers: Stable and Decred rally, Pippin approaches record highs

Top Crypto Gainers: Stable and Decred rally, Pippin approaches record highs

Altcoins, such as Stable, Decred, and Pippin, are extending gains so far this week, defying the risk-averse conditions in the broader cryptocurrency market. Stable and Pippin are near record high levels, while Decred extends its breakout rally above $30.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.