Ethereum Technical Analysis: ETH/USD bullish pennant pattern breakout eyed

  • Ethereum price on Wednesday is moving within consolidation mode, nursing minor losses of some 0.19%. 
  • ETH/USD price action has formed a bullish pennant pattern formation, subject to a breakout. 
  • The price is moving within consolidation mode, awaiting next committed move. 

Spot rate:                  166.50

Relative change:      -0.19%

High:                         168.91

Low:                          165.51


Today last price 166.62
Today Daily Change -0.28
Today Daily Change % -0.17
Today daily open 166.9
Daily SMA20 160.18
Daily SMA50 145.78
Daily SMA100 135.36
Daily SMA200 150.96
Previous Daily High 168.22
Previous Daily Low 159.49
Previous Weekly High 187.51
Previous Weekly Low 159.85
Previous Monthly High 147.03
Previous Monthly Low 123.9
Daily Fibonacci 38.2% 164.89
Daily Fibonacci 61.8% 162.83
Daily Pivot Point S1 161.52
Daily Pivot Point S2 156.14
Daily Pivot Point S3 152.79
Daily Pivot Point R1 170.25
Daily Pivot Point R2 173.6
Daily Pivot Point R3 178.98


ETH/USD 60-minute chart

  • 60-minute chart view sees the price moving within a near-term bullish pennant pattern, similar to the daily. 

ETH/USD daily chart

  • Price action is moving within a bullish pennant pattern via the daily 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

BTC/USD range-bound as CME’s futures option catch momentum

Following the failed attempt to correct above $9,200, Bitcoin suffered a devastating correction that sent it back to the support at $8,500. While the bulls acted quickly and pushed BTC above $87,600.

More Bitcoin News

Cardano Price Rises Above The 50 SMA: Ouroborous BFT consensus to launch mid-February

The crypto market is mixed and green. Among the digital assets in the green is Cardano (ADA). The last 24 hours have seen Cardano grow 7.33% from lows around $0.0420.

More Cardano News

BCH/USD spotted falling triangle hints imminent breakout

Bitcoin Cash is among the many cryptocurrencies struggling to stay afloat above key support areas. The tag pf war started on Monday when Sunday’s recovery hit rocks across the board.

More Bitcoin Cash News

Litecoin may undergo a soft fork to enhance security

Litecoin, the 7th largest digital coin with the current market value of $3.6 billion, has stayed mostly unchanged in recent 24 hours.  At the time of writing, LTC/USD is changing hands at $57.25, off the recent high registered at $63.17 on January 17. 

More Litecoin News


Bitcoin Weekly Forecast: Bulls piggy-back on altcoins rally

This week was marked by a strong altcoins rally on the cryptocurrency markets. Bitcoin SV (BSV) and Dash experienced the sharpest price increase over 100% in recent seven days...

Read the weekly forecast