- ETH/USD is trading at $344 after more continuation above $330.
- Ethereum bulls are in full control even though many indicators are overextended.
- The only real resistance level is located at $366.
Ethereum continues leading the way gaining another 3% and increasing its market dominance by 0.5% in the last two days. Ethereum’s dominance was around 9.7% in June 2020 and peaked at 12% on July 27, a significant raise.
ETH/USD daily chart
Ethereum is obviously overextended but the demand is simply too strong. The next real resistance level is located at $366 and it’s the only strong point before $400. Considering the current bullish momentum, it’s hard not to see Ethereum cracking this level.
Even at $400, which is a psychological level, there are really no other resistance levels nearby, mostly because Ethereum was crashing violently and bears couldn’t establish any resistance points.
ETH/USD technical levels
|Today last price||343.17|
|Today Daily Change||7.89|
|Today Daily Change %||2.35|
|Today daily open||335.28|
|Previous Daily High||342.43|
|Previous Daily Low||314.46|
|Previous Weekly High||287.74|
|Previous Weekly Low||233.4|
|Previous Monthly High||253.48|
|Previous Monthly Low||216.37|
|Daily Fibonacci 38.2%||331.75|
|Daily Fibonacci 61.8%||325.15|
|Daily Pivot Point S1||319.02|
|Daily Pivot Point S2||302.75|
|Daily Pivot Point S3||291.05|
|Daily Pivot Point R1||346.99|
|Daily Pivot Point R2||358.7|
|Daily Pivot Point R3||374.96|
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