Ethereum ETH Technical Analysis: ETH/USD bears are testing long-running ascending trend line for a breach

By March 11, 2019 Ethereum
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  • Ethereum price on Monday is trading in the red, down some 2.5% in the session.
  • An ascending trend line which has been in play since the start of February is being tested to the downside.

Spot rate: 132.90

Relative change: -2.50%

High: 136.85

Low: 131.95

Trends:
Daily SMA20: 139.08
Daily SMA50: 125.3
Daily SMA100: 122.51
Daily SMA200: 167.46
Levels:
Previous Daily High: 138.34
Previous Daily Low: 134.89
Previous Weekly High: 141.86
Previous Weekly Low: 123.9
Previous Monthly High: 167.77
Previous Monthly Low: 101.12
Daily Fibonacci 38.2%: 136.21
Daily Fibonacci 61.8%: 137.02
Daily Pivot Point S1: 134.62
Daily Pivot Point S2: 133.02
Daily Pivot Point S3: 131.16
Daily Pivot Point R1: 138.08
Daily Pivot Point R2: 139.94
Daily Pivot Point R3: 141.53

ETH/USD 60-minute chart

  • Near-term buying observed around $131 price territory, a breach could open the door to a fresh wave of selling.

ETH/USD daily chart

  • ETH/USD bears are testing a trend line which has been in play since early February to the downside.

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An ascending trend line which has been in play since the start of […]

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