Ethereum technical analysis: ETH/USD tries to recover following bearish Thursday
2019-11-22T03:45:51Z
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The daily ETH/USD price has dropped below the 20-day Bollinger curve, indicating that it is undervalued. The Bollinger jaw has widened, showing incre

  • ETH/USD dropped from $174.70 to $161.25 this Thursday.
  • The daily chart shows that the RSI indicator is trending around 32.35, next to the oversold zone.
  • ETH/USD dropped from $174.70 to $161.25 this Thursday.
  • ETH/USD dropped from $174.70 to $161.25 this Thursday.
  • The daily chart shows that the RSI indicator is trending around 32.35, next to the oversold zone.
  • The daily chart shows that the RSI indicator is trending around 32.35, next to the oversold zone.

    ETH/USD daily chart

    fxsoriginal

    fxsoriginalfxsoriginal

    The daily ETH/USD price has dropped below the 20-day Bollinger curve, indicating that it is undervalued. The Bollinger jaw has widened, showing increasing price volatility. The is also floating below the 200-day Simple Moving Average (SMA 200), SMA 50 and SMA 20 curves. 

    volatility

    ETH/USD 4-hour chart

    fxsoriginal

    fxsoriginalfxsoriginal

    The 4-hour chart shows that the price dropped from $175.25 to $160.45 in 16 hours. Having found support at the $160.45 level and gone up to $161.75. The Elliott Oscillator has had five straight red sessions. The Bollinger width has gone up from 0.067 to 0.14, indicating increasing volatility.

    chart

    ETH/USD hourly chart

    fxsoriginal

    fxsoriginalfxsoriginal

    The hourly ETH/USD is trending in an upwards channel formation and is floating below the SMA 20, SMA 50 and SMA 200 curves. Currently, the hourly price has found resistance at the $162.75 line and dropped to $161.75.

    resistance

    Key Levels

    ETH/USD

    Overview
    Today last price 161.74
    Today Daily Change 0.46
    Today Daily Change % 0.29
    Today daily open 161.28
     
    Trends
    Daily SMA20 182.87
    Daily SMA50 180.37
    Daily SMA100 183.93
    Daily SMA200 215.01
     
    Levels
    Previous Daily High 175.76
    Previous Daily Low 156.22
    Previous Weekly High 191.89
    Previous Weekly Low 177.06
    Previous Monthly High 199.04
    Previous Monthly Low 153.28
    Daily Fibonacci 38.2% 163.68
    Daily Fibonacci 61.8% 168.29
    Daily Pivot Point S1 153.08
    Daily Pivot Point S2 144.88
    Daily Pivot Point S3 133.54
    Daily Pivot Point R1 172.62
    Daily Pivot Point R2 183.95
    Daily Pivot Point R3 192.15

     

    ETH/USD

    Overview
    Today last price 161.74
    Today Daily Change 0.46
    Today Daily Change % 0.29
    Today daily open 161.28
     
    Trends
    Daily SMA20 182.87
    Daily SMA50 180.37
    Daily SMA100 183.93
    Daily SMA200 215.01
     
    Levels
    Previous Daily High 175.76
    Previous Daily Low 156.22
    Previous Weekly High 191.89
    Previous Weekly Low 177.06
    Previous Monthly High 199.04
    Previous Monthly Low 153.28
    Daily Fibonacci 38.2% 163.68
    Daily Fibonacci 61.8% 168.29
    Daily Pivot Point S1 153.08
    Daily Pivot Point S2 144.88
    Daily Pivot Point S3 133.54
    Daily Pivot Point R1 172.62
    Daily Pivot Point R2 183.95
    Daily Pivot Point R3 192.15

    ETH/USD

    Overview
    Today last price 161.74
    Today Daily Change 0.46
    Today Daily Change % 0.29
    Today daily open 161.28
     
    Trends
    Daily SMA20 182.87
    Daily SMA50 180.37
    Daily SMA100 183.93
    Daily SMA200 215.01
     
    Levels
    Previous Daily High 175.76
    Previous Daily Low 156.22
    Previous Weekly High 191.89
    Previous Weekly Low 177.06
    Previous Monthly High 199.04
    Previous Monthly Low 153.28
    Daily Fibonacci 38.2% 163.68
    Daily Fibonacci 61.8% 168.29
    Daily Pivot Point S1 153.08
    Daily Pivot Point S2 144.88
    Daily Pivot Point S3 133.54
    Daily Pivot Point R1 172.62
    Daily Pivot Point R2 183.95
    Daily Pivot Point R3 192.15

    ETH/USD

    Overview
    Today last price 161.74
    Today Daily Change 0.46
    Today Daily Change % 0.29
    Today daily open 161.28
     
    Trends
    Daily SMA20 182.87
    Daily SMA50 180.37
    Daily SMA100 183.93
    Daily SMA200 215.01
     
    Overview
    Today last price 161.74
    Today Daily Change 0.46
    Today Daily Change % 0.29
    Today daily open 161.28
    Overview Overview Overview Today last price 161.74 Today Daily Change 0.46 Today Daily Change % 0.29 Today daily open 161.28 Today last price 161.74 Today last price161.74161.74 Today Daily Change 0.46 Today Daily Change0.460.46 Today Daily Change % 0.29 Today Daily Change %0.290.29 Today daily open 161.28 Today daily open161.28161.28
     
    Trends
    Daily SMA20 182.87
    Daily SMA50 180.37
    Daily SMA100 183.93
    Daily SMA200 215.01
    Trends Trends Trends Daily SMA20 182.87 Daily SMA50 180.37 Daily SMA100 183.93 Daily SMA200 215.01 Daily SMA20 182.87 Daily SMA20182.87182.87 Daily SMA50 180.37 Daily SMA50180.37180.37 Daily SMA100 183.93 Daily SMA100183.93183.93 Daily SMA200 215.01 Daily SMA200215.01215.01
     
    Levels
    Previous Daily High 175.76
    Previous Daily Low 156.22
    Previous Weekly High 191.89
    Previous Weekly Low 177.06
    Previous Monthly High 199.04
    Previous Monthly Low 153.28
    Daily Fibonacci 38.2% 163.68
    Daily Fibonacci 61.8% 168.29
    Daily Pivot Point S1 153.08
    Daily Pivot Point S2 144.88
    Daily Pivot Point S3 133.54
    Daily Pivot Point R1 172.62
    Daily Pivot Point R2 183.95
    Daily Pivot Point R3 192.15
    Levels
    Previous Daily High 175.76
    Previous Daily Low 156.22
    Previous Weekly High 191.89
    Previous Weekly Low 177.06
    Previous Monthly High 199.04
    Previous Monthly Low 153.28
    Daily Fibonacci 38.2% 163.68
    Daily Fibonacci 61.8% 168.29
    Daily Pivot Point S1 153.08
    Daily Pivot Point S2 144.88
    Daily Pivot Point S3 133.54
    Daily Pivot Point R1 172.62
    Daily Pivot Point R2 183.95
    Daily Pivot Point R3 192.15
    Levels Levels Levels Previous Daily High 175.76 Previous Daily Low 156.22 Previous Weekly High 191.89 Previous Weekly Low 177.06 Previous Monthly High 199.04 Previous Monthly Low 153.28 Daily Fibonacci 38.2% 163.68 Daily Fibonacci 61.8% 168.29 Daily Pivot Point S1 153.08 Daily Pivot Point S2 144.88 Daily Pivot Point S3 133.54 Daily Pivot Point R1 172.62 Daily Pivot Point R2 183.95 Daily Pivot Point R3 192.15 Previous Daily High 175.76 Previous Daily High175.76175.76 Previous Daily Low 156.22 Previous Daily Low156.22156.22 Previous Weekly High 191.89 Previous Weekly High191.89191.89 Previous Weekly Low 177.06 Previous Weekly Low177.06177.06 Previous Monthly High 199.04 Previous Monthly High199.04199.04 Previous Monthly Low 153.28 Previous Monthly Low153.28153.28 Daily Fibonacci 38.2% 163.68 Daily Fibonacci 38.2%163.68163.68 Daily Fibonacci 61.8% 168.29 Daily Fibonacci 61.8%168.29168.29 Daily Pivot Point S1 153.08 Daily Pivot Point S1153.08153.08 Daily Pivot Point S2 144.88 Daily Pivot Point S2144.88144.88 Daily Pivot Point S3 133.54 Daily Pivot Point S3133.54133.54 Daily Pivot Point R1 172.62 Daily Pivot Point R1172.62172.62 Daily Pivot Point R2 183.95 Daily Pivot Point R2183.95183.95 Daily Pivot Point R3 192.15 Daily Pivot Point R3192.15192.15