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. 

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.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin price prediction: BTC/USD needs $10,200 to blast towards $11,000 – Confluence Detector

A newly released research by Arcane Research says that Bitcoin dominance is at 90% and not 70% as has been widely accepted. The report is published by Forbes is causing quite a stir in the market.

More Bitcoin News

IOTA conquers the 50 SMA following in the footsteps of Ethereum Classic

IOTA price is back in the green alongside several other cryptocurrencies. The grandparent cryptocurrencies Bitcoin is still nursing wounds after the bear’s mauling. $0.2325 - $0.2350 is coming up as an incredible support area. 

More IOTA News

Cryptocurrency market update: Bitcoin real market dominance is 90% leaving altcoins with a mere 10%

New research is showing some interesting features regarding the total market capitalization in the cryptocurrency market. The report published by Forbes on August 22 claims that Bitcoin has a 90% dominance in the market.

More Cryptocurrencies News

Ethereum Classic on full throttle: ETC breaks away from Bitcoin and the park

In a Bitcoin bearish market, Ethereum Classic defies the general trend to post impressive gains. In fact, the crypto has been breaking one barrier after another from Monday this week. 

More Ethereum Classic News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Safe-haven or a high-yield asset? Bitcoin qualifies for both

The cryptocurrency market has been a mixed picture this week. Bitcoin attempted to settle above $12,000 practically every single day of the week...

Read the weekly forecast

BTC

ETH

XRP