Ethereum Technical Analysis: ETH/USD Bulls are supported for a big retest of 2019 high area

  • Ethereum price holding gains of some 1.70% in the second half of trading on Thursday.
  • ETH/USD mixed picture at the moment; 60-minute view shows a bearish flag formation, daily is supported by an ascending trend line, for a retest of 2019 high area. 

 

ETH/USD 15-minute chart

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Spot rate:               0.3150

Relative change:    +0.70%

High:                       0.3179

Low:                        0.3101

 

Trend:                      Bearish

 

Trends:
    Daily SMA20: 133.62
    Daily SMA50: 123.41
    Daily SMA100: 121.77
    Daily SMA200: 176.43
Levels:
    Previous Daily High: 141.38
    Previous Daily Low: 127.73
    Previous Weekly High: 152.82
    Previous Weekly Low: 123.04
    Previous Monthly High: 163.23
    Previous Monthly Low: 102.17
    Daily Fibonacci 38.2%: 132.95
    Daily Fibonacci 61.8%: 136.16
    Daily Pivot Point S1: 128.67
    Daily Pivot Point S2: 121.38
    Daily Pivot Point S3: 115.02
    Daily Pivot Point R1: 142.31
    Daily Pivot Point R2: 148.66
    Daily Pivot Point R3: 155.95

 

ETH/USD 60-minute chart

  • Price action has formed a moving within a bearish flag formation, seen via the 60-minute view. 

 

ETH/USD daily chart

  • Bulls gunning for a retest of 2019 high area, supply zone tracks from $150-170 region. 

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