Ethereum Price Analysis: 142.00 seems to be a big hurdle for ETH/USD

ETH/USD trades just over 1% lower on Friday as mixed sentiment grips the crypto market.
The price has broken out of the chart pattern and looks to be heading to higher levels.

ETH/USD 1-hour chart

Ethereum has been in a sideways pattern since 13th March 2020. This is the phase after the fall from 290.00 to 90.00 which saw the pair lose $200.00 per coin. Since then the price has been making higher lows but failed to break the high of 154.00 marked by the red line on the chart. First, the price needs to take out the green resistance line of 141.82.

Looking slightly closer at the chart now, the price is trading above the 200 and 55 moving averages. The MACD indicator has just turned positive as the histogram has turned from red to green. The wave high break of 142.50 would be a big coup for the bulls especially if the breaks happens with high volume.

Additional levels

ETH/USD

Overview
Today last price	137.45
Today Daily Change	-1.34
Today Daily Change %	-0.97
Today daily open	138.79

Trends
Daily SMA20	147.46
Daily SMA50	205.89
Daily SMA100	179.04
Daily SMA200	176.4

Levels
Previous Daily High	139.93
Previous Daily Low	133.48
Previous Weekly High	153.32
Previous Weekly Low	100.73
Previous Monthly High	288.7
Previous Monthly Low	179.06
Daily Fibonacci 38.2%	137.47
Daily Fibonacci 61.8%	135.94
Daily Pivot Point S1	134.87
Daily Pivot Point S2	130.95
Daily Pivot Point S3	128.41
Daily Pivot Point R1	141.32
Daily Pivot Point R2	143.85
Daily Pivot Point R3	147.77

Share: Cryptos feed

All information and content on this website, from this website or from FX daily ltd. should be viewed as educational only. Although the author, FX daily ltd. and its contributors believe the information and contents to be accurate, we neither guarantee their accuracy nor assume any liability for errors. The concepts and methods introduced should be used to stimulate intelligent trading decisions. Any mention of profits should be considered hypothetical and may not reflect slippage, liquidity and fees in live trading. Unless otherwise stated, all illustrations are made with the benefit of hindsight. There is risk of loss as well as profit in trading. It should not be presumed that the methods presented on this website or from material obtained from this website in any manner will be profitable or that they will not result in losses. Past performance is not a guarantee of future results. It is the responsibility of each trader to determine their own financial suitability. FX daily ltd. cannot be held responsible for any direct or indirect loss incurred by applying any of the information obtained here. Futures, forex, equities and options trading contains substantial risk, is not for every trader, and only risk capital should be used. Any form of trading, including forex, options, hedging and spreads, contains risk. Past performance is not indicative of future FX daily ltd. are not Registered Financial Investment Advisors, securities brokers-dealers or brokers of the U.S. Securities and Exchange Commission or with any state securities regulatory authority OR UK FCA. We recommend consulting with a registered investment advisor, broker-dealer, and/or financial advisor. If you choose to invest, with or without seeking advice, then any consequences resulting from your investments are your sole responsibility FX daily ltd. does not assume responsibility for any profits or losses in any stocks, options, futures or trading strategy mentioned on the website, newsletter, online trading room or trading classes. All information should be taken as educational purposes only.