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Ethereum Technical Analysis: ETH/USD vulnerabilities point to further potential downside

  • Ethereum price nursing losses on Tuesday of some 1% in the second part of the day. 
  • ETH/USD price action is moving within consolidation mode after the beating on the weekend. 

Spot rate:               137.78

Relative change:    -1.02%

High:                       139.46     

Low:                        135.00     

Trend:                      Bearish/Neutral

Trends:
    Daily SMA20: 130.41
    Daily SMA50: 124.01
    Daily SMA100: 122.53
    Daily SMA200: 178.66
Levels:
    Previous Daily High: 142.68
    Previous Daily Low: 133.28
    Previous Weekly High: 152.82
    Previous Weekly Low: 123.04
    Previous Monthly High: 163.23
    Previous Monthly Low: 102.17
    Daily Fibonacci 38.2%: 139.09
    Daily Fibonacci 61.8%: 136.87
    Daily Pivot Point S1: 133.94
    Daily Pivot Point S2: 128.91
    Daily Pivot Point S3: 124.54
    Daily Pivot Point R1: 143.35
    Daily Pivot Point R2: 147.71
    Daily Pivot Point R3: 152.75

ETH/USD 60-minute chart

  • Price action via the 60-minute chart is moving within a bearish pennant pattern formation.

ETH/USD daily chart

  • Ethereum price has managed to stabilize, after the steep losses on Sunday. 

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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