Ethereum technical analysis: ETH/USD charts death cross pattern and has bearish start to Wednesday

  • ETH/USD broke above the resistance provided by the downward trending line.
  • Technical analysis shows that the bears are taking control of the market in the short-term.

ETH/USD daily chart


ETH/USD has had a bearish start to Wednesday and is priced at $178.65. The price broke above the resistance provided by the downward trending line and is below the 20-day simple moving average (SMA 20), SMA 50 and SMA 200 curves, The SMA 200 has crossed above the SMA 50 curve, charting the bearish death cross pattern. The relative strength index (RSI) indicator has floated above from the oversold zone and is trending around 42.15.

ETH/USD 4-hour chart


The 4-hour ETH/USD chart is trending above the SMA 20 and SMA 50 curves. The price has continuously crossed or tried to cross the upper curve of the 20-day Bollinger band before facing bearish correction. The Elliott oscillator has had a bearish session after sustained bullish sessions. 

ETH/USD hourly chart


The hourly chart shows that the bulls have run out of steam at the $181.45 resistance level and crashed down. The latest session has tumbled from $181.30 to $179.15. The moving average convergence/divergence (MACD) shows increasing bearish momentum.

Key Levels


Today last price 178.51
Today Daily Change -0.62
Today Daily Change % -0.35
Today daily open 179.13
Daily SMA20 184.57
Daily SMA50 204.24
Daily SMA100 240.4
Daily SMA200 201.92
Previous Daily High 182.97
Previous Daily Low 174.66
Previous Weekly High 194.21
Previous Weekly Low 163.8
Previous Monthly High 239.56
Previous Monthly Low 163.8
Daily Fibonacci 38.2% 179.8
Daily Fibonacci 61.8% 177.84
Daily Pivot Point S1 174.87
Daily Pivot Point S2 170.61
Daily Pivot Point S3 166.56
Daily Pivot Point R1 183.18
Daily Pivot Point R2 187.23
Daily Pivot Point R3 191.49



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Having dropped BTC/USD below $10,000, will the bears now aim for $9,500?

BTC/USD has fallen from $10,197.35 to $9,617 so far this Wednesday, going below the key $10,000 psychological level. The bears will now aim to take the price below the $9,500, but to do that, they will need to conquer ...

More Bitcoin News

Ripple Price Analysis: Ripple finds support at important Fibonacci level

All the major cryptocurrencies fell on Wednesday in the US session. The price of XRP/USD is down around 6% so far in the session. Support has been found on the trendline which confluences with ...

More Ripple News

Litecoin Price Analysis: LTC/USD falls below SMA 20 following Wednesday’s bloodbath

LTC/USD fell from $77.40 to $70.72 this Wednesday as the bears took full control of the market. The buyers were able to bring back the price up to $71.15 in the early hours of Thursday. Following this Wednesday’s bloodbath, the price dropped below the SMA 20 curve and the downward channel formation.

More Litecoin News

EOS Price Analysis: EOS/USD dips below the $4.50-level

EOS/USD has dropped sharply from $4.59 to $4.38, going below the $4.50 psychological level in the process. While the price is still hovering above the SMA 50 and SMA 200 curves, the SMA 20 curve ...

More EOS News


Bitcoin Weekly Forecast: BTC bulls brace for jump to $11,000

Bitcoin (BTC) has been growing for three weeks in a row. The first cryptocurrency hit $10,504 on Thursday - the highest level of 2020.

Read the weekly forecast