TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

Ethereum technical analysis: ETH/USD bulls dealing with rejection as price retests breached pennant

  • Ethereum price is trading in minor negative territory, small losses of some 0.10% on Monday.
  • ETH/USD bulls have a challenge of breaking down a heavy barrier, which runs from $180 up to $200.
  • The price is attempting to stage a rebound, following the brutal selling that has been observed since late June. 
Ethereum technical analysis: ETH/USD bulls dealing with rejection as price retests breached pennant
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                 181.84

Relative change:      -0.10%

High:                         186.12

Low:                          176.26

ETH/USD

Overview
Today last price182.14
Today Daily Change0.43
Today Daily Change %0.24
Today daily open181.71
 
Trends
Daily SMA20180.6
Daily SMA50200.1
Daily SMA100235.82
Daily SMA200203.2
Levels
Previous Daily High184.7
Previous Daily Low176.62
Previous Weekly High182.97
Previous Weekly Low165.17
Previous Monthly High239.56
Previous Monthly Low163.8
Daily Fibonacci 38.2%181.62
Daily Fibonacci 61.8%179.71
Daily Pivot Point S1177.32
Daily Pivot Point S2172.93
Daily Pivot Point S3169.24
Daily Pivot Point R1185.4
Daily Pivot Point R2189.09
Daily Pivot Point R3193.48

ETH/USD daily chart

  • The price is heading back through a chunky area of supply, $180-200 range.

ETH/USD 60-minute chart

  • Price action has broken out from a bullish flag formation, subject to a retest given current pullback observed. 

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

XRP edges higher as bullish derivatives, EMA support underpin breakout prospects

XRP edges higher as bullish derivatives, EMA support underpin breakout prospects

Ripple (XRP) is grinding upward and getting closer to a short-term breakout above $1.40 on Tuesday. This uptick follows the remittance token's defense of support at $1.38, after a short-lived attempt to breach selling pressure at $1.50 last week.
Useless Price Forecast: USELESS poised for another breakout as Korea’s Upbit exchange announces listing

Useless Price Forecast: USELESS poised for another breakout as Korea’s Upbit exchange announces listing

Useless (USELESS) extends its upward trajectory, trading above $0.26 on Tuesday. The meme coin shows strong breakout potential after establishing firm support at $0.20, following an impressive 260% rally from lows near $0.15 on September 1 to a peak of approximately $0.32 last Saturday.
Bitcoin ETFs are still $1 billion shy of breaking even in 2026

Bitcoin ETFs are still $1 billion shy of breaking even in 2026

While investor demand for U.S.-listed spot Bitcoin exchange-traded funds (ETFs) has rebounded in recent weeks, net flows for the year remain firmly in the red. A spectacular August brought in a massive $3.52 billion in fresh capital, followed by a solid $770.15 million so far this month, according to data source SoSoValue.
Top Altcoins Price Forecast: Ripple, Cardano, Solana extend consolidation as bullish momentum fades

Top Altcoins Price Forecast: Ripple, Cardano, Solana extend consolidation as bullish momentum fades

Ripple (XRP), Cardano (ADA), and Solana (SOL) maintain a consolidative tone, struggling to sustain their upside momentum. The technical outlook for XRP, ADA, and SOL suggests downside risk as altcoins struggle to advance their August gains. Ripple trades around $1.40 at press time on Tuesday, holding a constructive bias above its 200-day Exponential Moving Average (EMA) at $1.3550.
Bitcoin: Gearing up for a sharp move

Bitcoin: Gearing up for a sharp move

Bitcoin (BTC) is trading around $81,000 on Friday, up over 4% so far this week, and awaits a key catalyst that could determine its next directional move. Strong institutional demand is supporting the bullish price action, with spot BTC Exchange Traded Funds (ETFs) on track to record a third straight week of inflows.