• ETH/USD keeps bounce off 886.00 while eyeing February 2018 top, teased the previous day.
  • Overbought RSI conditions probe upside momentum, sellers await break of two-day-old support line for entry.

ETH/USD stays bid around $1,090 during early Tuesday’s trading. The crypto major refreshed the highest since February 2018 before stepping back to 886.00 amid overbought RSI conditions.

While the oscillator remains in the region suggesting ETH/USD pullback, the quote ignores the downside signals while following bullish MACD clues.

That said, the $1,100 round-figure is in a hand’s reach to the ETH/USD buyers during the latest upswing. However, the previous day’s high around $1,169 and the $1,200 can challenge the pair’s further upside.

In a case where Ethereum buyers refrain from bending the knee around $1,200, February 2018 peak near $1,225 and the record top, marked in January 2018, surrounding $1,420, will be in the spotlight.

Alternatively, even counter-trend traders will wait for a downside break of an immediate support line, at $952 now, for fresh entries. Following that 50% and 61.8% Fibonacci retracement of December 23 to January 04 upside, respectively near $858 and $785 will challenge the ETH/USD bears.

It should be noted that an upward sloping trend line from December 23, close to $766, adds to the downside filters.

Overall, ETH/USD is up for challenging the multi-month top but momentum indicators test the bulls.

ETH/USD four-hour chart

Trend: Bullish

additional important levels

Overview
Today last price 1093.01
Today Daily Change 50.63
Today Daily Change % 4.86%
Today daily open 1042.38
 
Trends
Daily SMA20 705.21
Daily SMA50 618.09
Daily SMA100 505.41
Daily SMA200 417.16
 
Levels
Previous Daily High 1168.99
Previous Daily Low 886.33
Previous Weekly High 759
Previous Weekly Low 625.01
Previous Monthly High 759
Previous Monthly Low 530.32
Daily Fibonacci 38.2% 1061.01
Daily Fibonacci 61.8% 994.31
Daily Pivot Point S1 896.14
Daily Pivot Point S2 749.91
Daily Pivot Point S3 613.48
Daily Pivot Point R1 1178.8
Daily Pivot Point R2 1315.23
Daily Pivot Point R3 1461.46

 

 


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