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Ethereum Technical Analysis: ETH/USD bull move may just be a small consolation

  • Ethereum price on Friday has bounced after a big beating on Thursday, which was seen across the market. 
  • ETH/USD bulls failed to capitalize on a bullish pennant pattern structure, as the bears forced a breach of the acting support. 
  • Eyes on a potential retest of the breached pennant formation, ahead of further moves south. 
Ethereum Technical Analysis: ETH/USD bull move may just be a small consolation
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                154.40

Relative change:     +3.03%

High:                       158.11

Low:                        149.52

ETH/USD

Overview
Today last price154.25
Today Daily Change1.29
Today Daily Change %0.84
Today daily open152.96
 
Trends
Daily SMA20169.49
Daily SMA50152.01
Daily SMA100137.86
Daily SMA200148.44
Levels
Previous Daily High166.68
Previous Daily Low148.24
Previous Weekly High176.59
Previous Weekly Low156.33
Previous Monthly High147.03
Previous Monthly Low123.9
Daily Fibonacci 38.2%155.28
Daily Fibonacci 61.8%159.63
Daily Pivot Point S1145.24
Daily Pivot Point S2137.52
Daily Pivot Point S3126.79
Daily Pivot Point R1163.68
Daily Pivot Point R2174.4
Daily Pivot Point R3182.12

ETH/USD 60-minute chart

  • Bearish pennant pattern formation structure eyed via the 60-minute chart view, subject to breakout.

ETH/USD daily chart

  • Bullish pennant pattern formation fails to be capitalized on, as acting support gives way. 

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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