Ethereum Technical Analysis: Looking for a technical flag break to indicate a move higher


  • Ethereum is trading 1.5% higher today as general crypto sentiment remains positive.
  • There is a flag pattern forming on the 4-hour chart and a break could indicate the future direction.

ETH/USD 4-Hour Chart

Ethereum has consolidated into a flag pattern on the 4-hour chart.

The main support level is at 144.20, while resistance is at 158.36.

There is also resistance at the top of the chart pattern and a break of 152.00 would break the pattern.

The market is definitely in a decision-making phase but the longer-term trend is still down.

Ethereum analysis

Additional Levels

ETH/USD

Overview
Today last price 147.8
Today Daily Change 2.10
Today Daily Change % 1.44
Today daily open 145.7
 
Trends
Daily SMA20 158.93
Daily SMA50 172.23
Daily SMA100 177.8
Daily SMA200 212.74
 
Levels
Previous Daily High 153.16
Previous Daily Low 143.51
Previous Weekly High 158.05
Previous Weekly Low 132.49
Previous Monthly High 194.8
Previous Monthly Low 132.49
Daily Fibonacci 38.2% 147.2
Daily Fibonacci 61.8% 149.47
Daily Pivot Point S1 141.76
Daily Pivot Point S2 137.81
Daily Pivot Point S3 132.11
Daily Pivot Point R1 151.4
Daily Pivot Point R2 157.1
Daily Pivot Point R3 161.05

 

 

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