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Ethereum technical analysis: ETH/USD bearish technical structure eyed

  • Ethereum price on Monday is trading in minor positive territory by 1.20%.
  • ETH/USD upside remains capped by the big pychological $200 price mark.
  • Price action is stuck within another daily bearish pennant structure, subject to downside risks.
Ethereum technical analysis: ETH/USD bearish technical structure eyed
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                  188.93

Relative change:      +1.20%

High:                         194.20

Low:                          186.52

ETH/USD

Overview
Today last price188.84
Today Daily Change2.33
Today Daily Change %1.25
Today daily open186.51
 
Trends
Daily SMA20203.18
Daily SMA50223.36
Daily SMA100246.89
Daily SMA200199.14
Levels
Previous Daily High192.81
Previous Daily Low182.97
Previous Weekly High203.69
Previous Weekly Low180.01
Previous Monthly High318.46
Previous Monthly Low190.64
Daily Fibonacci 38.2%186.73
Daily Fibonacci 61.8%189.05
Daily Pivot Point S1182.05
Daily Pivot Point S2177.58
Daily Pivot Point S3172.2
Daily Pivot Point R1191.89
Daily Pivot Point R2197.28
Daily Pivot Point R3201.74

ETH/USD daily chart

  • Daily price action is very much narrowing, subject to a breakout south within pennant structure.
     

ETH/USD 60-minute chart

  • The downside is capped by decent buyers protecting the $180 price territory via the 60-minute. 

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.

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