ETH/USD supported for a big $4000 retest

  • Ethereum price on Wednesday is trading in minor positive territory up some 0.50%. 
  • ETH/USD is being supported to the upside by an ascending daily trend line. However, price remains within consolidation mode, following the weekend selling. 

ETH/USD 15-minute chart 

  • The price is moving within a very narrow nature, not too surprising ahead of the network hard forks tomorrow. 

Spot rate:               137.97

Relative change:    +0.56%

High:                       141.37

Low:                        135.70


Trend:                      Neutral/Bullish

    Daily SMA20: 132.04
    Daily SMA50: 123.71
    Daily SMA100: 122.15
    Daily SMA200: 177.57
    Previous Daily High: 139.46
    Previous Daily Low: 134.74
    Previous Weekly High: 152.82
    Previous Weekly Low: 123.04
    Previous Monthly High: 163.23
    Previous Monthly Low: 102.17
    Daily Fibonacci 38.2%: 136.55
    Daily Fibonacci 61.8%: 137.66
    Daily Pivot Point S1: 134.78
    Daily Pivot Point S2: 132.4
    Daily Pivot Point S3: 130.06
    Daily Pivot Point R1: 139.5
    Daily Pivot Point R2: 141.84
    Daily Pivot Point R3: 144.21

ETH/USD 60-minute chart

  • ETH/USD near-term price action is narrowing within a range-block formation, subject to potential breakout south.

ETH/USD daily chart

  • Etheruem price continues to trade with limited action, ahead of the scheduled hard forks, anticipated tomorrow. 

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