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Ethereum Technical Analysis: ETH/USD critical trend line must hold or face $100 again

  • Ethereum price on Thursday was hammered, firmly in the red by some 6.8% in the second half of the day.
  • ETH/USD bears are heading for a big retest of the critical trend line of support. 
  • If support noted above fails to hold, the price could back retesting the $100 mark. 

Spot rate:                  164.62

Relative change:      -6.45%

High:                         177.62

Low:                          160.76

ETH/USD

Overview
Today last price
164.97
Today Daily Change
-12.43
Today Daily Change %
-7.01
Today daily open
177.4
 
Trends
Daily SMA20
152.85
Daily SMA50
144.26
Daily SMA100
134.34
Daily SMA200
152.76
Levels
Previous Daily High
186.06
Previous Daily Low
169.58
Previous Weekly High
180.05
Previous Weekly Low
140.14
Previous Monthly High
147.03
Previous Monthly Low
123.9
Daily Fibonacci 38.2%
179.77
Daily Fibonacci 61.8%
175.88
Daily Pivot Point S1
169.3
Daily Pivot Point S2
161.19
Daily Pivot Point S3
152.81
Daily Pivot Point R1
185.78
Daily Pivot Point R2
194.17
Daily Pivot Point R3
202.27

ETH/USD 60-minute chart

  • Near-term hourly demand zone is currently preventing the price from a free-fall, around the $160 mark. 

ETH/USD daily chart

  • Bulls lost full control after losing ground and momentum as they tried to reclaim $0.4000. 

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.

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