Ethereum technical analysis: ETH/USD has a bullish start to Saturday following three straight bearish days


  • ETH/USD dropped from $174.15 to $169.20 this Friday. The price has so far gone up to $169.55 this Saturday.
  • The Elliott oscillator has had a bearish session following five straight bullish sessions.

ETH/USD daily chart

fxsoriginal

Ethereum daily chart shows that the asset has had a bullish start to Saturday following three straight bearish days. ETH/USD has dropped from $174.15 to $169.20 this Friday. So far, the price has gone up to $169.55 this Saturday. The price has met resistance at the downward trending line and is below the 200-day simple moving average (SMA 200), SMA 50 and SMA 20 curves. The Elliott oscillator has had a bearish session following five straight bullish sessions.

ETH/USD 4-hour chart

fxsoriginal

The 4-hour ETH/USD chart has dropped and touched the lower curve of the 20-day Bollinger band. The bulls then stepped in and picked the price up to prevent any further drop. The third-last session was so bearish that it took broke below the SMA 20 and SMA 50 curves. The moving average convergence/divergence (MACD) shows that market momentum was decreasing before the bears picked up steam yet again.

ETH/USD hourly chart

fxsoriginal

The hourly chart shows that the price of ETH/USD dropped from $176.50 to $168.80 within four hours. The price found strong support at $168.80 and then bounced back up to $168.85. Previously, the hourly price found resistance at the red Ichimoku cloud and dropped down. The hourly market is also trending below the SMA 20, SMA 50 and SMA 200 curves. The SMA 20 is looking to cross below the SMA 50 curve, which is a bearish sign. The relative strength index (RSI) indicator is creeping along the oversold zone.

Key Levels

ETH/USD

Overview
Today last price 168.89
Today Daily Change -0.34
Today Daily Change % -0.20
Today daily open 169.23
 
Trends
Daily SMA20 182.46
Daily SMA50 201.84
Daily SMA100 237.46
Daily SMA200 202.69
Levels
Previous Daily High 178.42
Previous Daily Low 165.17
Previous Weekly High 182.97
Previous Weekly Low 165.17
Previous Monthly High 239.56
Previous Monthly Low 163.8
Daily Fibonacci 38.2% 170.23
Daily Fibonacci 61.8% 173.36
Daily Pivot Point S1 163.46
Daily Pivot Point S2 157.69
Daily Pivot Point S3 150.21
Daily Pivot Point R1 176.71
Daily Pivot Point R2 184.19
Daily Pivot Point R3 189.96

 


 

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 Flat, Cryptocurrencies on a Positive Tone

Cryptocurrencies were slightly positive during the last 24 hours, except for Bitcoin, who failed to cross the $8,300 level and created a large candle down to $8.150, tho, then, move back to the $8,200 range. 

More Bitcoin News

Ripple price analysis: XRP/USD grinds to a halt ahead triangle breakout

Ripple performance in October has been relatively better compared to other major digital currencies. The world’s third-largest crypto is stepped above $0.30 last week but failed in sustaining gains towards $0.31.

More Ripple News

Ethereum market update: ETH/USD slips back inside the range, $180.00 still out of reach

ETH/USD hit $178.28 on Monday and retreated to $174.57 by press time. The second-largest coin is moving inside a tight range amid slow trading activity in sync with the market. 

More Ethereum News

NEO price analysis: NEO/USD on recovery track, still below critical resistance of $7.80

NEO, currently the 21st largest coin with the total market value of $527 million, has gained about 1.7% in recent 24 hours to trade at $7.5 at the time of writing. Since the beginning of Tuesday, NEO/USD has gained about 1%.

More NEO News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Nothing to crow about

Bitcoin (BTC) attempted a recovery above $8,400 and resumed the decline into the end of the week.

Read the weekly forecast

BTC

ETH

XRP