Ethereum technical analysis: ETH/USD bulls heading for monumental supply barrier

  • Ethereum price in the session on Friday is trading with losses of some 1.30%.
  • ETH/USD bulls faced rejection within a chunky supply region $225-240 range.
  • The price has not traded above the noted zone since 13 July, proving its significance.

Spot rate:                 217.79

Relative change:      -1.45%

High:                         222.39

Low:                          214.77


Today last price 218.31
Today Daily Change -2.71
Today Daily Change % -1.23
Today daily open 221.02
Daily SMA20 184.85
Daily SMA50 194.9
Daily SMA100 229.39
Daily SMA200 205.9
Previous Daily High 224.69
Previous Daily Low 202.2
Previous Weekly High 186.12
Previous Weekly Low 174.34
Previous Monthly High 239.56
Previous Monthly Low 163.8
Daily Fibonacci 38.2% 216.1
Daily Fibonacci 61.8% 210.79
Daily Pivot Point S1 207.25
Daily Pivot Point S2 193.48
Daily Pivot Point S3 184.77
Daily Pivot Point R1 229.74
Daily Pivot Point R2 238.46
Daily Pivot Point R3 252.23


ETH/USD daily chart

  • The bulls are heading for a big retest of a significant zone of supply $225-240 range. 

ETH/USD 60-minute chart

  • Near-term price action via the 60-minute chart view is moving within a bullish flag structure, subject to a breach.



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