TRENDING:

GBP/USD

XAU/USD

Ethereum technical analysis: ETH/USD bounces off a critical area of support

Ethereum price in the second part of Friday is trading in minor positive, gains of some 2.5%.
ETH/USD bounced off a critical ascending trend line of support, a failure to hold could see $200 at threat.
Should the bulls break down the monthly high at $288, eyes will be on a firm move into $300 territory.

Ken Chigbo Independent Analyst

Spot rate: 260.85

Relative change: +2.50%

High: 262.53

Low: 244.84

ETH/USD

Overview
Today last price	261.4
Today Daily Change	7.00
Today Daily Change %	2.75
Today daily open	254.4

Trends
Daily SMA20	243.94
Daily SMA50	197.52
Daily SMA100	170.58
Daily SMA200	148.84

Levels
Previous Daily High	288.43
Previous Daily Low	239.36
Previous Weekly High	264.65
Previous Weekly Low	231.05
Previous Monthly High	187.51
Previous Monthly Low	140.14
Daily Fibonacci 38.2%	258.11
Daily Fibonacci 61.8%	269.69
Daily Pivot Point S1	233.03
Daily Pivot Point S2	211.67
Daily Pivot Point S3	183.97
Daily Pivot Point R1	282.1
Daily Pivot Point R2	309.8
Daily Pivot Point R3	331.17

ETH/USD 60-minute chart

Price action earlier in the session managed to break out from a narrowing range-block formation, the price has retested and now room to push further north.

ETH/USD daily chart

A near-term critical area of support has been tested, an ascending trend line, a breach could expose $200 to the downside. Otherwise, eyes on a bounce for another attempt at the $300 territory.

Author

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.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Aave Price Forecast: AAVE primed for breakout as bullish signals strengthen

Aave (AAVE) price is trading above $204 at the time of writing on Friday and approaching the upper boundary of its descending parallel channel; a breakout from this structure would favor the bulls.

Meme Coins Price Prediction: DOGE, SHIB, PEPE stall amid warming retail demand

Meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), struggle to regain strength as the broader cryptocurrency market recovers. Derivatives data reveals fresh retail demand as Open Interest of DOGE, SHIB, and PEPE futures surge.

Terraform Do Kwon gets 15-year prison sentence for role in Terra-Luna $40 billion crash

Terraform Labs founder Do Kwon was sentenced to 15 years in prison by a New York federal court on Thursday for his role in organizing one of the largest cryptocurrency frauds in history.

Top 3 Price Prediction: BTC and ETH eyes breakout, XRP steadies at support

Bitcoin (BTC) and Ethereum (ETH) are nearing the key resistance levels at the time of writing on Friday, and a successful breakout could open the door for a fresh rally. Meanwhile, Ripple (XRP) is stabilizing around a crucial support zone, hinting at a potential rebound if buyers maintain control.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

ETH/USD

ETH/USD 60-minute chart

ETH/USD daily chart

Legal Text

Markets move fast. We move first.

Editor's Picks