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. 

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