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. 

 

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 price 132.49
Today Daily Change -1.93
Today Daily Change % -1.44
Today daily open 134.42
 
Trends
Daily SMA20 133.32
Daily SMA50 151.19
Daily SMA100 167.05
Daily SMA200 198.46
 
Levels
Previous Daily High 137.96
Previous Daily Low 127.58
Previous Weekly High 135.29
Previous Weekly Low 122.33
Previous Monthly High 194.8
Previous Monthly Low 132.49
Daily Fibonacci 38.2% 133.99
Daily Fibonacci 61.8% 131.54
Daily Pivot Point S1 128.68
Daily Pivot Point S2 122.94
Daily Pivot Point S3 118.3
Daily Pivot Point R1 139.06
Daily Pivot Point R2 143.7
Daily Pivot Point R3 149.45

 

 

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


Latest Crypto News & Analysis

Editors’ Picks

Bitcoin Weekly Forecast: BTC crystal ball gives bulls a faint flicker of hope

Bitcoin staged a healthy recovery this week. The pioneer digital currency price took off from the support area of $10,000 and touched the next psychological line of $11,000.

More Bitcoin News

Maker Price Analysis: MKR whales could be getting ready to dump again at $470

Maker has been one of the most affected coins after the last crypto crash, losing around 50% of its value in practically one month. MKR is currently ranked 37th with a market capitalization of $500 million.

More Cryptocurrencies News

Kyber Network Price Prediction: KNC could be on the verge of a 50% correction

Kyber Network was trading as high as $2.04 on August 14 but plummeted to $1.04 just 22 days later, a 48% loss that clearly shows bears are in full control in the short and mid-terms.

More Cryptocurrencies News

Aave Price Analysis: LEND bulls will have to fight for $0.65 to regain control

Aave's LEND is the 29th-largest digital asset with the current market capitalization of $751 million and an average daily trading volume of $167 million. The token is most actively traded on Binance. 

More Crypto News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC crystal ball gives bulls a faint flicker of hope

Bitcoin staged a healthy recovery this week. The pioneer digital currency price took off from the support area of $10,000 and touched the next psychological line of $11,000.

Read the weekly forecast

BTC

ETH

XRP