Ethereum Price Analysis: ETH pullback battles one-week-old rising channel
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ETH/USD drops to $1,239 during early Monday’s trading. The crypto major jumped to the highest since January 2018 during last week before stepping back

  • ETH/USD remains pressured while extending pullback from 2018 top.
  • Bearish MACD challenges the bullish chart formation, 100-bar SMA adds to the downside filters.
  • ETH/USD remains pressured while extending pullback from 2018 top.
  • ETH/USD remains pressured while extending pullback from 2018 top.
  • Bearish MACD challenges the bullish chart formation, 100-bar SMA adds to the downside filters.
  • Bearish MACD challenges the bullish chart formation, 100-bar SMA adds to the downside filters.

    ETH/USD drops to $1,239 during early Monday’s trading. The crypto major jumped to the highest since January 2018 during last week before stepping back from $1,350. The corrective move currently eyes the support line of a one-week-old rising channel amid bearish MACD.

    ETH/USD

    Other than the channel’s support, at $1,194 now, the $1,0000 psychological magnet and 100-bar SMA near $910 also offer key support to the ETH/USD traders.

    In a case where the quote drops below $910, late December lows near $690 could lure ETH/USD sellers.

    Meanwhile, the recently flashed multi-month high near $1,350 and the upper line of the stated channel, currently around $1,405, probe recovery moves.

    It should, however, be noted that the pair’s sustained capacity to cross $1,405 will not hesitate to refresh the record high beyond the 2018 top of $1,419.

    ETH/USD four-hour chart

    Trend: Further weakness expected

    Additional important levels

    Overview
    Today last price 1255.13
    Today Daily Change 0.00
    Today Daily Change % 0.00%
    Today daily open 1255.13
     
    Trends
    Daily SMA20 877.99
    Daily SMA50 704.87
    Daily SMA100 557.09
    Daily SMA200 446.62
     
    Levels
    Previous Daily High 1350.88
    Previous Daily Low 1157
    Previous Weekly High 1291.94
    Previous Weekly Low 770
    Previous Monthly High 759
    Previous Monthly Low 530.32
    Daily Fibonacci 38.2% 1231.06
    Daily Fibonacci 61.8% 1276.82
    Daily Pivot Point S1 1157.79
    Daily Pivot Point S2 1060.46
    Daily Pivot Point S3 963.91
    Daily Pivot Point R1 1351.67
    Daily Pivot Point R2 1448.22
    Daily Pivot Point R3 1545.55

     

    Additional important levels

    Overview
    Today last price 1255.13
    Today Daily Change 0.00
    Today Daily Change % 0.00%
    Today daily open 1255.13
     
    Trends
    Daily SMA20 877.99
    Daily SMA50 704.87
    Daily SMA100 557.09
    Daily SMA200 446.62
     
    Levels
    Previous Daily High 1350.88
    Previous Daily Low 1157
    Previous Weekly High 1291.94
    Previous Weekly Low 770
    Previous Monthly High 759
    Previous Monthly Low 530.32
    Daily Fibonacci 38.2% 1231.06
    Daily Fibonacci 61.8% 1276.82
    Daily Pivot Point S1 1157.79
    Daily Pivot Point S2 1060.46
    Daily Pivot Point S3 963.91
    Daily Pivot Point R1 1351.67
    Daily Pivot Point R2 1448.22
    Daily Pivot Point R3 1545.55

    Additional important levels

    Overview
    Today last price 1255.13
    Today Daily Change 0.00
    Today Daily Change % 0.00%
    Today daily open 1255.13
     
    Trends
    Daily SMA20 877.99
    Daily SMA50 704.87
    Daily SMA100 557.09
    Daily SMA200 446.62
     
    Levels
    Previous Daily High 1350.88
    Previous Daily Low 1157
    Previous Weekly High 1291.94
    Previous Weekly Low 770
    Previous Monthly High 759
    Previous Monthly Low 530.32
    Daily Fibonacci 38.2% 1231.06
    Daily Fibonacci 61.8% 1276.82
    Daily Pivot Point S1 1157.79
    Daily Pivot Point S2 1060.46
    Daily Pivot Point S3 963.91
    Daily Pivot Point R1 1351.67
    Daily Pivot Point R2 1448.22
    Daily Pivot Point R3 1545.55

    Additional important levels

    Overview
    Today last price 1255.13
    Today Daily Change 0.00
    Today Daily Change % 0.00%
    Today daily open 1255.13
     
    Trends
    Daily SMA20 877.99
    Daily SMA50 704.87
    Daily SMA100 557.09
    Daily SMA200 446.62
     
    Overview
    Today last price 1255.13
    Today Daily Change 0.00
    Today Daily Change % 0.00%
    Today daily open 1255.13
    Overview Overview Overview Today last price 1255.13 Today Daily Change 0.00 Today Daily Change % 0.00% Today daily open 1255.13 Today last price 1255.13 Today last price1255.131255.13 Today Daily Change 0.00 Today Daily Change0.000.00 Today Daily Change % 0.00% Today Daily Change %0.00%0.00% Today daily open 1255.13 Today daily open1255.131255.13
     
    Trends
    Daily SMA20 877.99
    Daily SMA50 704.87
    Daily SMA100 557.09
    Daily SMA200 446.62
    Trends Trends Trends Daily SMA20 877.99 Daily SMA50 704.87 Daily SMA100 557.09 Daily SMA200 446.62 Daily SMA20 877.99 Daily SMA20877.99877.99 Daily SMA50 704.87 Daily SMA50704.87704.87 Daily SMA100 557.09 Daily SMA100557.09557.09 Daily SMA200 446.62 Daily SMA200446.62446.62
     
    Levels
    Previous Daily High 1350.88
    Previous Daily Low 1157
    Previous Weekly High 1291.94
    Previous Weekly Low 770
    Previous Monthly High 759
    Previous Monthly Low 530.32
    Daily Fibonacci 38.2% 1231.06
    Daily Fibonacci 61.8% 1276.82
    Daily Pivot Point S1 1157.79
    Daily Pivot Point S2 1060.46
    Daily Pivot Point S3 963.91
    Daily Pivot Point R1 1351.67
    Daily Pivot Point R2 1448.22
    Daily Pivot Point R3 1545.55
    Levels
    Previous Daily High 1350.88
    Previous Daily Low 1157
    Previous Weekly High 1291.94
    Previous Weekly Low 770
    Previous Monthly High 759
    Previous Monthly Low 530.32
    Daily Fibonacci 38.2% 1231.06
    Daily Fibonacci 61.8% 1276.82
    Daily Pivot Point S1 1157.79
    Daily Pivot Point S2 1060.46
    Daily Pivot Point S3 963.91
    Daily Pivot Point R1 1351.67
    Daily Pivot Point R2 1448.22
    Daily Pivot Point R3 1545.55
    Levels Levels Levels Previous Daily High 1350.88 Previous Daily Low 1157 Previous Weekly High 1291.94 Previous Weekly Low 770 Previous Monthly High 759 Previous Monthly Low 530.32 Daily Fibonacci 38.2% 1231.06 Daily Fibonacci 61.8% 1276.82 Daily Pivot Point S1 1157.79 Daily Pivot Point S2 1060.46 Daily Pivot Point S3 963.91 Daily Pivot Point R1 1351.67 Daily Pivot Point R2 1448.22 Daily Pivot Point R3 1545.55 Previous Daily High 1350.88 Previous Daily High1350.881350.88 Previous Daily Low 1157 Previous Daily Low11571157 Previous Weekly High 1291.94 Previous Weekly High1291.941291.94 Previous Weekly Low 770 Previous Weekly Low770770 Previous Monthly High 759 Previous Monthly High759759 Previous Monthly Low 530.32 Previous Monthly Low530.32530.32 Daily Fibonacci 38.2% 1231.06 Daily Fibonacci 38.2%1231.061231.06 Daily Fibonacci 61.8% 1276.82 Daily Fibonacci 61.8%1276.821276.82 Daily Pivot Point S1 1157.79 Daily Pivot Point S11157.791157.79 Daily Pivot Point S2 1060.46 Daily Pivot Point S21060.461060.46 Daily Pivot Point S3 963.91 Daily Pivot Point S3963.91963.91 Daily Pivot Point R1 1351.67 Daily Pivot Point R11351.671351.67 Daily Pivot Point R2 1448.22 Daily Pivot Point R21448.221448.22 Daily Pivot Point R3 1545.55 Daily Pivot Point R31545.551545.55

     

     

    From: FXSTREET