- 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 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/USDOther 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 |
| 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 |
| 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 |
From: FXSTREET
