Ethereum technical analysis: ETH/USD facing rejection retesting bearish penannt and $200 mark

  • Ethereum price is trading in negative territory, nursing losses of some 2.60% on Friday.
  • ETH/USD is retesting a breached daily pennant structure, failing to push above at the time of writing. 
  • The pychological $200 mark is now proving to see sellers preventing the price push back above. 


Spot rate:                 196.78

Relative change:      -1.63%

High:                         202.96

Low:                          194.91


Today last price 197.06
Today Daily Change -5.38
Today Daily Change % -2.66
Today daily open 202.44
Daily SMA20 211.27
Daily SMA50 235.41
Daily SMA100 248.49
Daily SMA200 196.64
Previous Daily High 203.69
Previous Daily Low 193.06
Previous Weekly High 216.79
Previous Weekly Low 173.68
Previous Monthly High 318.46
Previous Monthly Low 190.64
Daily Fibonacci 38.2% 199.63
Daily Fibonacci 61.8% 197.12
Daily Pivot Point S1 195.76
Daily Pivot Point S2 189.09
Daily Pivot Point S3 185.13
Daily Pivot Point R1 206.4
Daily Pivot Point R2 210.36
Daily Pivot Point R3 217.04


ETH/USD daily chart

  • The price is retesting breached pennant structure, supply observed at the psychological $200 mark.

ETH/USD 60-minute chart

  • Price action is being supported to the upside by a near-term ascending trend line. 

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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bears take over and draw a bloody moon

Cryptographer and computer scientist Nick Szabo, has presented in his Twitter account a study on the "risk-benefit" ratio of different assets. The study used a Sharpe Ratio over four years Hodl period.

More Bitcoin News

ETH/USD bears flip the bulls, target shifts to $5

Ethereum Classic is facing the ultimate correction following a massive bull-run that had it hit January highs around $12 from December lows at $3.41. The persuasive urge upwards has, however, ended in losses due to a lack of ...

More Ethereum Classic News

Ripple's CEO sees an era of IPO in cryptocurrency industry

Ripple's XRP, the third-largest digital asset with the current market value of $9.4 billion has lost over 5% in recent 24 hours and hit the low of $0.2136 on Friday. XRP/USD is moving within a clear bearish trend amid expanding volatility.

More Ripple News

The Crypto Sector in selloff mode searches a support zone

Most of the cryptocurrency sector accelerated the losses after breaking the neckline of support that was holding their prices. The selling pressure was in almost all digital assets.

More Cryptocurrencies News


Bitcoin Weekly Forecast: Bitcoin bulls and bear fight gets a tougher edge

The cryptocurrency market started the downside correction after a strong rally initiated by risk reversal play at the beginning of January and reinforced by various altcoin pumps...

Read the weekly forecast