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Ethereum Technical Analysis: ETH/USD bullish structures subject to a breakout

  • Ethereum price in the second half of Wednesday is nursing losses of some -1.32%.
  • ETH/USD price action via the daily continues to move within a bullish flag structure formation. 
  • Despite the minor near-term setbacks, the $200 price territory is still not too far off for the bulls to reclaim. 
Ethereum Technical Analysis: ETH/USD bullish structures subject to a breakout
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                 162.96

Relative change:     -3.00%

High:                        167.25

Low:                         162.01

ETH/USD

Overview
Today last price162.93
Today Daily Change-1.82
Today Daily Change %-1.10
Today daily open164.75
 
Trends
Daily SMA20165.97
Daily SMA50154.19
Daily SMA100139.63
Daily SMA200146.78
Levels
Previous Daily High165.82
Previous Daily Low156.82
Previous Weekly High177.67
Previous Weekly Low148.24
Previous Monthly High187.51
Previous Monthly Low140.14
Daily Fibonacci 38.2%162.38
Daily Fibonacci 61.8%160.25
Daily Pivot Point S1159.1
Daily Pivot Point S2153.46
Daily Pivot Point S3150.1
Daily Pivot Point R1168.1
Daily Pivot Point R2171.46
Daily Pivot Point R3177.11
ETH/USD 60-minute chart
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  • Near-term price action is supported by an ascending trend line, in addition, a bullish flag formation can be viewed via the 60-minute.

ETH/USD daily chart

  • Price action via the daily chart view is moving within a bullish flag pattern structure, subject to a breakout.  

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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