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Ethereum technical analysis: ETH/USD extreme narrow conditions subject to a breakout

  • Ethereum price is trading marginally in the red, down 1.90% the session on Thursday.
  • ETH/USD trading within very narrow conditions, the daily range is $180-195.
  • The price continues to have difficulty trading to break down the resistance ahead of the big $200 mark.
Ethereum technical analysis: ETH/USD extreme narrow conditions subject to a breakout
Ken ChigboKen ChigboIndependent Analyst

ETH/USD weekly chart

Price action has been narrowing greatly within the last seven weeks. 

ETH/USD daily chart

The price is moving within a narrowing triangular structure, subject to a breach. 

.

Spot rate:                  184.60

Relative change:      -1.90%

High:                         187.34

Low:                          182.21

ETH/USD

Overview
Today last price184.54
Today Daily Change-3.51
Today Daily Change %-1.87
Today daily open188.05
 
Trends
Daily SMA20185.28
Daily SMA50180.06
Daily SMA100187.39
Daily SMA200214.26
 
Levels
Previous Daily High189.65
Previous Daily Low185.27
Previous Weekly High194.8
Previous Weekly Low179.18
Previous Monthly High199.04
Previous Monthly Low153.28
Daily Fibonacci 38.2%187.98
Daily Fibonacci 61.8%186.94
Daily Pivot Point S1185.67
Daily Pivot Point S2183.28
Daily Pivot Point S3181.29
Daily Pivot Point R1190.04
Daily Pivot Point R2192.03
Daily Pivot Point R3194.42

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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