TRENDING:
EUR/USD
GBP/USD
XAU/USD
Trade War
USD/CAD
AUD/USD
Sponsored by
Login
|

Ethereum technical analysis: ETH/USD heading for another retest of supporting daily trend line

  • Ethereum price is trading in the red on Friday down some 3% in the second part of the day. 
  • ETH/USD a long running ascending trend line can be supporting the price for now via the daily view. 
  • Near-term price rallies appear vulnerable to downside, given bulls capped by supply at $230.
Ethereum technical analysis: ETH/USD heading for another retest of supporting daily trend line
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                  218.22

Relative change:      -3.15%

High:                         226.52

Low:                          213.24

ETH/USD

Overview
Today last price217.69
Today Daily Change-8.40
Today Daily Change %-3.72
Today daily open226.09
 
Trends
Daily SMA20273.68
Daily SMA50272.21
Daily SMA100234.08
Daily SMA200183.83
Levels
Previous Daily High229.67
Previous Daily Low206.08
Previous Weekly High318.46
Previous Weekly Low262
Previous Monthly High363.54
Previous Monthly Low226.48
Daily Fibonacci 38.2%220.66
Daily Fibonacci 61.8%215.09
Daily Pivot Point S1211.56
Daily Pivot Point S2197.02
Daily Pivot Point S3187.96
Daily Pivot Point R1235.15
Daily Pivot Point R2244.21
Daily Pivot Point R3258.74


 

ETH/USD 60-minute chart

  • Near-term bearish flag structure subject to a potential breakout south, via the 60-minute. 

ETH/USD daily chart

  • Critical trend line of support has been in play since March, with the price subject to retesting this.

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.

More from Ken Chigbo
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Crypto market outlook for 2026

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe recover, echoing Bitcoin rebound

Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe recover, echoing Bitcoin rebound

Dogecoin, Shiba Inu, and Pepe are trading mixed as Bitcoin records minor gains on Monday, warming sentiment across the broader cryptocurrency market. Still, the incipient recovery in Dogecoin, Shiba Inu, and Pepe remains fragile amid the prevailing downtrend.

Bitcoin consolidates as downside risks persist

Bitcoin consolidates as downside risks persist

Bitcoin has made only three wave rallies from the November lows, which is one of the most important indications that more weakness may still lie ahead.

Polkadot's (DOT) dips, with token underperforming wider crypto markets

Polkadot's (DOT) dips, with token underperforming wider crypto markets

DOT $1.8269 fell 2% to $1.84 over the last 24 hours. Trading volumes were 7.8% above the seven-day moving average at 7.76 million tokens, according to CoinDesk Research's technical analysis model.

Orange Juice Newsletter – Smart insights by real people. Every day.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.