Ethereum technical analysis: ETH/USD keeps trending horizontally in a narrow $11-range

  • ETH/USD went up from $185 to $187 this Tuesday.
  • The Elliott Oscillator has had two green sessions following three red sessions.

ETH/USD daily chart


ETH/USD daily chart keeps trending horizontally in a narrow $11-range between $191 and $180. Currently, Ethereum is priced at around $185.85 and is floating above the 20-day and 50-day Simple Moving Average (SMA 20 and SMA 50) curves. SMA 20 is acting as immediate market support. The Elliott Oscillator has had two green sessions following three red sessions.

ETH/USD 4-hour chart


4-hour ETH/USD’s latest session broke below the support provided by the SMA 20 and SMA 50 curves. The price is still floating above the red Ichimoku cloud. The bulls must overcome resistance at $187.15 to restart upward momentum. The Moving Average Convergence/Divergence (MACD) indicates decreasing bearish market momentum.

ETH/USD hourly chart


The latest session in the hourly chart has broken below the upward channel formation. The hourly price has found resistance at the SMA 50 and SMA 200 curves, while SMA 20 is acting as immediate market support. The Relative Strength Index (RSI) indicator is trending around 48.40.

Key Levels


Today last price 185.82
Today Daily Change -1.25
Today Daily Change % -0.67
Today daily open 187.07
Daily SMA20 183.92
Daily SMA50 180.52
Daily SMA100 187.68
Daily SMA200 214.15
Previous Daily High 187.35
Previous Daily Low 182.22
Previous Weekly High 194.8
Previous Weekly Low 179.18
Previous Monthly High 199.04
Previous Monthly Low 153.28
Daily Fibonacci 38.2% 185.39
Daily Fibonacci 61.8% 184.18
Daily Pivot Point S1 183.74
Daily Pivot Point S2 180.42
Daily Pivot Point S3 178.62
Daily Pivot Point R1 188.87
Daily Pivot Point R2 190.67
Daily Pivot Point R3 194



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