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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.

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 price168.66
Today Daily Change2.24
Today Daily Change %1.35
Today daily open166.42
 
Trends
Daily SMA20191.64
Daily SMA50193.17
Daily SMA100226.54
Daily SMA200207.63
 
Levels
Previous Daily High202.71
Previous Daily Low155.63
Previous Weekly High224.69
Previous Weekly Low186.44
Previous Monthly High239.56
Previous Monthly Low163.8
Daily Fibonacci 38.2%173.61
Daily Fibonacci 61.8%184.72
Daily Pivot Point S1147.13
Daily Pivot Point S2127.83
Daily Pivot Point S3100.04
Daily Pivot Point R1194.21
Daily Pivot Point R2222
Daily Pivot Point R3241.29

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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