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

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. 
Ethereum Technical Analysis: ETH/USD bullish pennant pattern breakout eyed
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                  166.50

Relative change:      -0.19%

High:                         168.91

Low:                          165.51

ETH/USD

Overview
Today last price166.62
Today Daily Change-0.28
Today Daily Change %-0.17
Today daily open166.9
 
Trends
Daily SMA20160.18
Daily SMA50145.78
Daily SMA100135.36
Daily SMA200150.96
Levels
Previous Daily High168.22
Previous Daily Low159.49
Previous Weekly High187.51
Previous Weekly Low159.85
Previous Monthly High147.03
Previous Monthly Low123.9
Daily Fibonacci 38.2%164.89
Daily Fibonacci 61.8%162.83
Daily Pivot Point S1161.52
Daily Pivot Point S2156.14
Daily Pivot Point S3152.79
Daily Pivot Point R1170.25
Daily Pivot Point R2173.6
Daily Pivot Point R3178.98

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 

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

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment. 

Crypto Today: Bitcoin, Ethereum, XRP in choppy price action, weighed down by falling institutional interest 

Crypto Today: Bitcoin, Ethereum, XRP in choppy price action, weighed down by falling institutional interest 

Bitcoin holds above support at $65,118 at the time of writing on Friday. Ethereum remains choppy in a narrow range between support at $1,900 and resistance at $2,000, while Ripple attempts another upward move toward the pivotal $1.40 level.

PancakeSwap Price Analysis: Bearish momentum suggests further downside

PancakeSwap Price Analysis: Bearish momentum suggests further downside

PancakeSwap (CAKE) is trading below $1.26 at the time of writing on Friday, extending the losses by over 8% so far this week. The weakening derivatives market further supports the bearish outlook, with bears aiming for levels below $1.18.

Decred Price Forecast: DCR rebounds toward key resistance zone on volume spike

Decred Price Forecast: DCR rebounds toward key resistance zone on volume spike

Decred (DCR) rebounds over 7% at press time on Friday after a three-day decline of almost 14%. Roughly 60% increase in trading volume over the last 24 hours supports the recovery, suggesting heightened spot-market demand. 

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.