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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 price268.32
Today Daily Change-0.07
Today Daily Change %-0.03
Today daily open268.39
 
Trends
Daily SMA20224.8
Daily SMA50190.16
Daily SMA100164.91
Daily SMA200147.79
Levels
Previous Daily High271.91
Previous Daily Low245.88
Previous Weekly High264.65
Previous Weekly Low231.05
Previous Monthly High187.51
Previous Monthly Low140.14
Daily Fibonacci 38.2%261.97
Daily Fibonacci 61.8%255.83
Daily Pivot Point S1252.21
Daily Pivot Point S2236.03
Daily Pivot Point S3226.18
Daily Pivot Point R1278.24
Daily Pivot Point R2288.09
Daily Pivot Point R3304.27

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. 

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
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