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Ethereum technical analysis: Daily ETH/USD keeps trudging along sluggishly in an $11-range

  • ETH/USD went up from $187.15 to $188.10 so far this Wednesday.
  • The MACD indicator in the daily chart shows decreasing bullish market momentum.

ETH/USD daily chart


ETH/USD is moving along sluggishly in a narrow $11-range between $180.15 and $191.30. This Wednesday, ETH/USD went up from $187.15 to $188.10, which has been wholly negated so far this Thursday. The daily chart is floating above the 20-day Simple Moving Average (SMA 20) and SMA 50. The Moving Average Convergence/Divergence (MACD) indicates decreasing bullish momentum.

ETH/USD 4-hour chart


The 4-hour ETH/USD price has charted an evening star pattern and is floating above the SMA 50 and SMA 20 curves. The Elliott Oscillator shows six straight green sessions of increasing intensity.

ETH/USD hourly chart


The hourly ETH/USD has broken below the upward channel formation and the red Ichimoku cable. The SMA 20 curve acts as immediate market support. The Relative Strenght Index (RSI) indicator is trending around 56.25.

Key Levels


Today last price187.14
Today Daily Change-0.91
Today Daily Change %-0.48
Today daily open188.05
Daily SMA20185.28
Daily SMA50180.06
Daily SMA100187.39
Daily SMA200214.26
Previous Daily High189.65
Previous Daily Low185.27
Previous Weekly High194.8
Previous Weekly Low179.18
Previous Monthly High199.04
Previous Monthly Low153.28
Daily Fibonacci 38.2%187.98
Daily Fibonacci 61.8%186.94
Daily Pivot Point S1185.67
Daily Pivot Point S2183.28
Daily Pivot Point S3181.29
Daily Pivot Point R1190.04
Daily Pivot Point R2192.03
Daily Pivot Point R3194.42

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