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Ethereum technical analysis: ETH/USD vulnerable under $180

Ethereum price is trading in the green, up some 1.40% in the second half of the session.
ETH/USD bears have forced the price to give up a critical area of demand around the $180 price territory.
The price is potentially at risk of its sixth consecutive session in negative territory.

Ken Chigbo Independent Analyst

ETH/USD daily chart

The price can be seen retesting a breached ascending wedge structure, failure to hold could be punishing.

ETH/USD 60-minute chart

Near-term price action is consolidating like many of its peers, subject to a breakout from a bearish flag structure.

Spot rate: 197.42

Relative change: -1.85%

High: 175.19

Low: 162.48

ETH/USD

Overview
Today last price	168.66
Today Daily Change	2.24
Today Daily Change %	1.35
Today daily open	166.42

Trends
Daily SMA20	191.64
Daily SMA50	193.17
Daily SMA100	226.54
Daily SMA200	207.63

Levels
Previous Daily High	202.71
Previous Daily Low	155.63
Previous Weekly High	224.69
Previous Weekly Low	186.44
Previous Monthly High	239.56
Previous Monthly Low	163.8
Daily Fibonacci 38.2%	173.61
Daily Fibonacci 61.8%	184.72
Daily Pivot Point S1	147.13
Daily Pivot Point S2	127.83
Daily Pivot Point S3	100.04
Daily Pivot Point R1	194.21
Daily Pivot Point R2	222
Daily Pivot Point R3	241.29

Author

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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