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Ethereum technical analysis: ETH/USD renewed life comes into action for the bulls

  • Ethereum price is trading in the green, up 4.40% the session on Monday.
  • ETH/USD price action is moving within a bearish flag structure via the daily.
  • Heavily daily supply should be noted at $180, a breach would open door to another wave of upside. 
Ethereum technical analysis: ETH/USD renewed life comes into action for the bulls
Ken ChigboKen ChigboIndependent Analyst

ETH/USD daily chart

Price action takes a decent bounce off the lower trend line as part of a bearish flag, structure.

ETH/USD 60-minute chart

The price is breaking above a descending trend line via the 60-minute chart view. 

Spot rate:                  177.74

Relative change:      +4.40%

High:                         177.70

Low:                          168.83

ETH/USD

Overview
Today last price176.98
Today Daily Change6.61
Today Daily Change %3.88
Today daily open170.37
 
Trends
Daily SMA20188.35
Daily SMA50184.84
Daily SMA100213.5
Daily SMA200209.69
 
Levels
Previous Daily High177.2
Previous Daily Low168.1
Previous Weekly High186.07
Previous Weekly Low164.46
Previous Monthly High224.69
Previous Monthly Low152.51
Daily Fibonacci 38.2%171.58
Daily Fibonacci 61.8%173.73
Daily Pivot Point S1166.58
Daily Pivot Point S2162.78
Daily Pivot Point S3157.47
Daily Pivot Point R1175.68
Daily Pivot Point R2181
Daily Pivot Point R3184.79

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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