Ethereum Technical Analysis: ETH/USD squeezed below key near-term support

  • Ethereum price is nursing losses in the session on Thursday, down some 3.7%
  • ETH/USD bulls were pressed lower and forced to breach a near-term ascending trend line.

 

ETH/USD 60-minute chart

 
 

Spot rate:                  118.95

Relative change:      -3.70%

High:                         124.00

Low:                          115.81

 

Trend:                        Bearish

 

Support 1:                  113.12, daily pivot point support. 

Support 2:                  103.52, daily pivot point support.

Support 3:                  96.78, daily pivot point support. 

Resistance 1:             119.00, underneath breached trend line.

Resistance 2:             129.65, daily pivot point resistance. 

Resistance 3:             136.39, daily pivot point resistance. 

 

ETH/USD daily chart

  • Following the reversal doji candlestick, upside still looks promising, there is resistance in the way heading into $130. A top area for 23, 24 and 28 November. 

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