Ethereum technical analysis: ETH/USD bulls have room for push back into $300 territory


  • Ethereum price in the second half of the session on Monday is trading ever so marginally in positive territory, small gains of around 0.15%. 
  • ETH/USD bulls have made a breakout out from a triangular pattern/pennant, via the daily chart view. 
  • Crucial near-term supply can be observed via the daily from $270-280 price range. 

 

Spot rate:              268.32

Relative change:  +0.15%

High:                      272.48

Low:                       264.43

ETH/USD

Overview
Today last price 268.32
Today Daily Change -0.07
Today Daily Change % -0.03
Today daily open 268.39
 
Trends
Daily SMA20 224.8
Daily SMA50 190.16
Daily SMA100 164.91
Daily SMA200 147.79
Levels
Previous Daily High 271.91
Previous Daily Low 245.88
Previous Weekly High 264.65
Previous Weekly Low 231.05
Previous Monthly High 187.51
Previous Monthly Low 140.14
Daily Fibonacci 38.2% 261.97
Daily Fibonacci 61.8% 255.83
Daily Pivot Point S1 252.21
Daily Pivot Point S2 236.03
Daily Pivot Point S3 226.18
Daily Pivot Point R1 278.24
Daily Pivot Point R2 288.09
Daily Pivot Point R3 304.27

 

ETH/USD 60-minute chart

  • Price action at present is moving within consolidation mode seen via the 60-minute chart view, subject to a potential extended move to the upside. 

ETH/USD daily chart

  • The daily candlestick during the session on Sunday forced a breakout from the noted pennant pattern, a further follow-through has been observed in Monday's session. 

 

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