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Ethereum technical analysis: ETH/USD drops below the $185-level

  • ETH/USD dropped below the triangle formation.
  • The 4-hour chart is trending in a downward channel formation.
Ethereum technical analysis: ETH/USD drops below the $185-level
Rajarshi MitraRajarshi MitraIndependent Analyst

ETH/USD daily chart

fxsoriginal

ETH/USD has dropped from $186.60 to $184.80 as Friday comes to a close. The price has dipped below the triangle formation, while the Elliott Oscillator shows five straight green sessions. The 20-day Simple Moving Average (SMA 20) has crossed over the SMA 50 curve, which is a bullish sign.

ETH/USD 4-hour chart

fxsoriginal

The 4-hour chart is trending in a downward channel formation. The four latest sessions are sandwiched between the SMA 200 and SMA 50 curves, with the later acting as immediate market resistance. The Elliott Oscillator has had 16 straight red sessions.

ETH/USD hourly chart

fxsoriginal

The hourly ETH/USD is trending below the green Ichimoku cloud and the SMA 50 and SMA 200 sessions. On the other hand, the SMA 20 curve acts as immediate market support. The RSI indicator is trending around 53.10.

Key Levels

ETH/USD

Overview
Today last price185
Today Daily Change-1.57
Today Daily Change %-0.84
Today daily open186.57
 
Trends
Daily SMA20180.26
Daily SMA50183.39
Daily SMA100189.07
Daily SMA200213.8
 
Levels
Previous Daily High192.32
Previous Daily Low184.4
Previous Weekly High193.29
Previous Weekly Low177.01
Previous Monthly High199.04
Previous Monthly Low153.28
Daily Fibonacci 38.2%187.43
Daily Fibonacci 61.8%189.29
Daily Pivot Point S1183.21
Daily Pivot Point S2179.85
Daily Pivot Point S3175.3
Daily Pivot Point R1191.13
Daily Pivot Point R2195.68
Daily Pivot Point R3199.04


 

Author

Rajarshi Mitra

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

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