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Ethereum Technical Analysis: ETH/USD must break $140 for any hope of a recovery

  • Ethereum price is trading in the red by some 0.35% in the session on Friday. 
  • ETH/USD price action is running at four consecutive days in the green, as the bulls look to regain control.  
  • A big barrier of resistance can be observed at the $140 price mark. 
Ethereum Technical Analysis: ETH/USD must break $140 for any hope of a recovery
Ken ChigboKen ChigboIndependent Analyst

ETH/USD weekly chart

ETH/USD managed to snap a weekly run of losses, the closure last week was in the green, after six consecutive in the red. 

ETH/USD daily chart

The bulls push for a step in the right direction, after managing to escape from a bearish pennant structure via the daily. 

Spot rate:                     124.75

Relative change:         -0.40%

High:                            136.06

Low:                             131.64

ETH/USD

Overview
Today last price132.49
Today Daily Change-1.93
Today Daily Change %-1.44
Today daily open134.42
 
Trends
Daily SMA20133.32
Daily SMA50151.19
Daily SMA100167.05
Daily SMA200198.46
 
Levels
Previous Daily High137.96
Previous Daily Low127.58
Previous Weekly High135.29
Previous Weekly Low122.33
Previous Monthly High194.8
Previous Monthly Low132.49
Daily Fibonacci 38.2%133.99
Daily Fibonacci 61.8%131.54
Daily Pivot Point S1128.68
Daily Pivot Point S2122.94
Daily Pivot Point S3118.3
Daily Pivot Point R1139.06
Daily Pivot Point R2143.7
Daily Pivot Point R3149.45

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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