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

Ethereum technical analysis: ETH/USD bears force breakout of near-term pennant structure

  • Ethereum price in the session on Monday is trading with losses of some 1.50%.
  • ETH/USD bears are forcing the price to head back down south for a big retest of an ascending trend line of support, tracking around $200.
  • The price is running at its fourth consecutive session in the red, after losing upside momentum.
Ethereum technical analysis: ETH/USD bears force breakout of near-term pennant structure
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                 207.80

Relative change:      -1.50%

High:                         211.77

Low:                          204.31

ETH/USD

Overview
Today last price207.98
Today Daily Change-3.18
Today Daily Change %-1.51
Today daily open211.16
 
Trends
Daily SMA20190.97
Daily SMA50194.71
Daily SMA100228.2
Daily SMA200207.12
 
Levels
Previous Daily High215.55
Previous Daily Low206.24
Previous Weekly High224.69
Previous Weekly Low186.44
Previous Monthly High239.56
Previous Monthly Low163.8
Daily Fibonacci 38.2%209.8
Daily Fibonacci 61.8%212
Daily Pivot Point S1206.41
Daily Pivot Point S2201.66
Daily Pivot Point S3197.09
Daily Pivot Point R1215.73
Daily Pivot Point R2220.3
Daily Pivot Point R3225.05

ETH/USD daily chart

  • The price is subject to retesting a critical ascending trend line of support via the daily view.

ETH/USD 60-minute chart

  • Price action has broken out from a bearish pennant structure, subject to further selling pressure. 

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

Sui extends sideways action ahead of Grayscale’s GSUI ETF launch

Sui extends sideways action ahead of Grayscale’s GSUI ETF launch

Sui is extending its downtrend for the second consecutive day, trading at 0.95 at the time of writing on Wednesday. The Layer-1 token is down over 16% in February and approximately 34% from the start of the year, aligning with the overall bearish sentiment across the crypto market.

XRP pares losses, targets breakout above $1.50 as ETF demand diminishes

XRP pares losses, targets breakout above $1.50 as ETF demand diminishes

XRP pares losses as bulls target a short-term breakout above $1.50. The MACD upholds a buy signal while the MFI indicator rises above the midline, suggesting a potential bullish shift.

Ghost holding in BlackRock’s IBIT sparks Chinese Bitcoin investment whispers

Ghost holding in BlackRock’s IBIT sparks Chinese Bitcoin investment whispers

A new entity identified in BlackRock's quarterly filing for its Bitcoin (BTC) Exchange-Traded Fund (ETF) IBIT has sparked rumors of Chinese investment under the name of Zhang Hui, despite the nationwide ban on the Crypto King. 

Crypto Today: Bitcoin, Ethereum, XRP rebound slightly as technicals signal bullish shift

Crypto Today: Bitcoin, Ethereum, XRP rebound slightly as technicals signal bullish shift

The cryptocurrency market is showing signs of a gradual recovery, with Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) all edging higher at the time of writing on Wednesday after the price declines seen a day earlier. 

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: BTC bears aren’t done yet

Bitcoin: BTC bears aren’t done yet

Bitcoin (BTC) price slips below $67,000 at the time of writing on Friday, remaining under pressure and extending losses of nearly 5% so far this week.